In a disclosure to the Philippine Stock Exchange, Pryce said it secured the approval of the Securities and Exchange Commission (SEC) to raise its authorized capital stock
from P2 billion to P2.
24 billion additional common shares of Pure Foods out of new shares coming from an increase in authorized capital stock
and 10:1 stock split.
Union Bank of the Philippines (UnionBank) has announced the obtaining of approval on its planned increase in authorized capital stock
As part of the redomestication, the Articles of Incorporation of BMTS Holdings effectively increased the authorized capital stock
of the Company to consist of 100,000,00 shares of Common Stock, $.
The rights-offer shares will come from the increase in its authorized capital stock
to P28 billion, from the previous P16 billion.
Philab also announced that the board of directors approved and authorized the issuance of 100 million common shares of the unissued authorized capital stock
of DNA at P2.
5 million common shares out of the unissued portion of its authorized capital stock
, which would dilute the cumulative ownership of trading participants.
Federal Resources has a pending application with the Securities and Exchange Commission for the increase in its authorized capital stock
to P2 billion from P100 million.
According to PNB, the SEC cleared last week the amendments to its Articles of Incorporation, raising its authorized capital stock
to P70 billion divided into 1.
As a result of the additional issue of shares the authorized capital stock
get 45% higher, shares will be placed among the current holders aPromsvyaz Capital B.
Mentor Corporation (NYSE:MNT) announced today that at its reconvened annual meeting of shareholders held on October 1, 2007, the shareholders approved an amendment to Mentor's Restated Articles of Incorporation to increase the total number of shares of authorized capital stock
and to provide for the issuance of preferred stock in one or more series.
The measure also increases the authorized capital stock
of PCIC from P2 billion to P10 billion.