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Phoenix to raise over P1b from sale of 85% stake in Singapore subsidiary

Phoenix to raise over P1b from sale of 85% stake in Singapore subsidiary
manilastandard.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandard.net Daily Mail and Mail on Sunday newspapers.

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Dennis Uy s Phoenix to raise $19 2 million from sale of SG unit

Dennis Uy s Phoenix to raise $19 2 million from sale of SG unit
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.

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Phoenix divests $19 2M from PNX • Lenie Lectura

Phoenix Petroleum Philippines Inc. (PPPI) on Tuesday disclosed the value of the 85-percent stake it divested from its Singapore-based trading arm, PNX Petroleum Singapore Pte. Ltd. (PNX SG). At $0.85 apiece, the 22.6 million shares are worth $19.2 million or about P1.089 billion. “This transaction shall raise an immediate $19.2 million in cash for PPPI,

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