Metro Global eyes P3.75-b share sale to build RE projects

Metro Global Holdings Corp. plans to conduct P3.75-billion share sale to finance renewable energy projects. MGH said in a disclosure

Metro Global Holdings Corp. plans to conduct P3.75-billion share sale to finance renewable energy projects.

MGH said it planned to offer to the public the unsubscribed portion equivalent to 3.75 billion common shares at P1 per share. MGH said that upon completion of FEMI’s subscription, its public float would decrease to 7.5 percent, below the 10-percent required by the Philippine Stock Exchange to remain listed on the local bourse.

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MlaStandard /  🏆 20. in PH

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