UnionBank stock rights offer priced at P64 81/share philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
We still don’t know the entitlement ratio that UBP will use to determine the per-shareholder maximum allocation, but I don’t think it’s going to be some crazy number.
The Philippine Stock Exchange has approved Union Bank of the Philippines’ planned stock rights offering worth up to P40 billion. In a disclosure, the bank said the PSE has approved UBP’s application to list up to 800 million additional common shares to cover its stock rights offering to al sharehol
The stock rights offering of Aboitiz-led Union Bank of the Philippines is set to kick off this month to raise as much as P40 billion to partially fund the acquisition of the consumer lending business of global banking giant Citigroup in the country.