Thursday, June 25, 2009

Petron to issue preferred shares to raise cap to P15 bln

Philippine’s largest oil refiner and retailer Petron Corp. plans to raise an estimated P15 billion by issuing preferred shares in Q3-09 to fund planned expansion projects for the year, particularly Peetron’s petrochemical operations and for a retail network expansion program and further improvement at its 180,000 bpd Bataan refinery.

For more details on Petron to issue preferred shares to raise cap to P15 bln click here

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