Universal Robina raises $173 million from placement
The deal, which consists of treasury shares, is upsized by 20% and prices at the mid-point for a 4.8% discount.
June 13, 2012
JG Summit, the Philippine conglomerate controlled by the Gokongwei family, has raised Ps8.8 billion ($200 million) from a share placement that it will use partly to fund its purchase of a stake in power producer Manila Electric Co (Meralco).
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