Alliance Select Foods Announces Stock Rights Offering
Pasig—(PHStocks)—The Board of Alliance Select Foods International Inc. (PSE: FOOD) approved the conduct of a stock rights offering (SRO) to raise up to PhP1 billion in capital.
The SRO shall consist of up to 1 billion shares at an offer price of PhP1.00 per share. Each stockholder is entitled to subscribe to the SRO based on their proportionate shareholding in the outstanding shares of the company.
The final terms, timetable and other details of the SRO shall be disclosed in due course.