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.
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Thursday, June 25, 2009
Petron to issue preferred shares to raise cap to P15 bln
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