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                    [ArticleID] => 162735
                    [Title] => Meralco increases capital to P12.42-B
                    [Summary] => The Manila Electric Co. (Meralco) will increase its authorized capital stock (ACS) by 15 percent or P1.62 billion in preparation for future declaration of stock dividend.


Meralco chief finance officer Daniel Tagaza said specifically, the company would be issuing 162 million new common shares at P10 per share.


At present, the company has an authorized capital of 1.08 billion shares at par value of P10 or P10.8 billion. If the increase will be approved the ACS will now amount to P12.42 billion.


                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 162735
                    [Title] => Meralco increases capital to P12.42-B
                    [Summary] => The Manila Electric Co. (Meralco) will increase its authorized capital stock (ACS) by 15 percent or P1.62 billion in preparation for future declaration of stock dividend.


Meralco chief finance officer Daniel Tagaza said specifically, the company would be issuing 162 million new common shares at P10 per share.


At present, the company has an authorized capital of 1.08 billion shares at par value of P10 or P10.8 billion. If the increase will be approved the ACS will now amount to P12.42 billion.


                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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abtest

Meralco increases capital to P12.42-B

By Donnabelle L. Gatdula | May 30, 2002 - 12:00am

The Manila Electric Co. (Meralco) will increase its authorized capital stock (ACS) by 15 percent or P1.62 billion in preparation for future declaration of stock dividend. Meralco chief finance officer Daniel Tagaza...

Business