PHINMA Corp. completes P1-B stock rights offering

PHINMA Corp. has completed its P1-billion stock rights offering (SRO) with the shares listed on the Philippine Stock Exchange on Wednesday. The SRO comprised 50 million shares priced at P20 each, which were offered from Nov. 13 to 19, the conglomerate said in a regulatory filing. Of the total, PHINMA will allocate P250 million for