MRC pursues P1-b private placement

MRC pursues P1-b private placement

The board of listed MRC Allied Inc. approved the conduct of a P1-billion private placement to finance the company’s diversification into power projects. MRC Allied said in a disclosure to the stock exchange its board approved the private placement of 1,904,761,905 common shares from the unissued and unsubscribed authorized capital stock and the issue price of P0.525 per share. The board earlier…

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