Pure Foods raises P15B through preferred share sale
San Miguel Pure Foods Company, Inc. (PF) held a bell ringing ceremony at the Philippine Stock Exchange (PSE) for the listing of its Series 2 Preferred Shares. The Company was able to raise P15 billion from its offering.
“We are pleased that the company has chosen to tap the capital market for this fund raising activity. As confidence in the country’s economy continues to grow, the equities market remains to be a favorite destination by companies looking to raise capital and at the same time, by investors who are looking for attractive investment returns,” said PSE Chairman Jose T. Pardo in his welcome remarks during the ceremony.
Shown in the photo (L-R): San Miguel Corporation (SMC) Treasurer Sergio Edeza; SMC Deputy Chief Finance Officer Joseph Pineda; PF Compliance Officer Ma. Soledad Olives; PF Chief Finance Officer and Treasurer Zenaida Postrado; PF President Francisco Alejo III; PSE Chairman Jose T. Pardo; PSE Directors Amor Iliscupidez, Vivian Yuchengco and Alejandro Yu.
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