PNB Raises Funds via Shares Sale
Tycoon Lucio Tan-led Philippine National Bank (PSE: PNB) has completed a PhP12-billion fundraising through the sale of new shares to existing stockholders.
In a disclosure to the Philippine Stock Exchange, PNB said it had issued 276.62 million shares at a preemptive rights offering at the price of PhP43.38 per share.
