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OceanaGold Inc. set the final offer price for its planned initial public offering at P13.33 per share, lower by 22.8 percent from the P17.28 it set earlier.
He said this price level would give investors an upside in terms of higher dividend yield versus what the real estate investment trust firms were promising. OGPI is one of the leading producers of gold and copper in the Philippines and is a subsidiary of Toronto-based OceanaGold Corp.
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