SINGAPORE'S Summit Telco Corp. Pte. Ltd. will be investing further in DITO CME Holdings Corp. after the latter's board of directors approved the signing of a deal between the two firms.
SINGAPORE'S Summit Telco Corp. Pte. Ltd. will be investing further in DITO CME Holdings Corp. after the latter's board of directors approved the signing of a deal between the two firms.
'The implementation of Summit Telco's potential investment under the subscription framework agreement, along with other equity raising efforts, forms part of the company's business plan to improve its equity position,' the telco player said.'The investment is subject to compliance with Philippine regulatory requirements, such as requirements of the Securities and Exchange Commission and the Philippine Stock Exchange,' it added.
Summit Telco To Hike Stake In DITO CME
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