Economy
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BRIEF-ABS CBN Confirms On Jan 20, Board Approved Sale Of 21.3 Million Treasury Shares And 27.8 Million PDRS To Institutional Buyers
January 26, 2022
By Reuters
By Reuters
Jan 26 (Reuters) – ABS CBN Corp:
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CONFIRMS ON JAN 20, BOARD APPROVED SALE OF 21.3 MILLION TREASURY SHARES AND 27.8 MILLION PDRS TO INSTITUTIONAL BUYERS AT 15.23 PESOS EACH
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CONFIRMS THAT LOPEZ COMMITTED TO PURCHASE UP TO 500 MILLION PESOS OF SHARES AND PDRS NOT TAKEN UP BY INSTITUTIONAL INVESTORS
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ON JAN 21, CONFIRMS THAT PROCEEDS FROM WILL BE USED FOR DIGITAL INITIATIVES, CONTENT PRODUCTION AND OTHER GENERAL CORPORATE PURPOSES
Source text for Eikon: ID:nPSX7C1dHJ
Further company coverage: ABS.PS
This article originally appeared on reuters.com