Vulcan Industrial and Mining Corp., which is being groomed as a prospective backdoor listing vehicle for retailer National Bookstore, plans to raise fresh funds from the sale of treasury shares early this year.
Gokongwei-led food and beverage conglomerate Universal Robina Corp. sold P7.44 billion worth of treasury stocks to new investors in an overnight private placement deal on Wednesday, thus raising fresh funds for expansion while widening its public float.
International Container Terminal Services Inc. (ICTSI) is selling treasury shares accumulated during the financial crisis in 2009 to raise fresh capital that can bankroll the group’s aggressive expansion locally and overseas. In a disclosure Friday, the listed company said it approved the sale of about 31.24 million common shares held by subsidiary ICTSI Warehousing Inc. [...]
