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                    [ArticleID] => 273115
                    [Title] => SEC okays increase in capital of Asian Spirit
                    [Summary] => The Securities and Exchange Commission has approved the increase in the capital stock of domestic carrier Asian Spirit Inc. from P300 million to P1 billion.


The capital increase is in preparation for the company’s planned initial public offering (IPO) of shares later this year or early next year to raise funds for its aggressive expansion program.


Of the P700-million capital hike, P475 million has been subscribed and P175.25 million paid up.


                    [DatePublished] => 2005-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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NOEL ONATE AND ANTONIO TURALBA

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                    [ArticleID] => 273115
                    [Title] => SEC okays increase in capital of Asian Spirit
                    [Summary] => The Securities and Exchange Commission has approved the increase in the capital stock of domestic carrier Asian Spirit Inc. from P300 million to P1 billion.


The capital increase is in preparation for the company’s planned initial public offering (IPO) of shares later this year or early next year to raise funds for its aggressive expansion program.


Of the P700-million capital hike, P475 million has been subscribed and P175.25 million paid up.


                    [DatePublished] => 2005-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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SEC okays increase in capital of Asian Spirit

By Zinnia B. Dela Peña | April 8, 2005 - 12:00am

The Securities and Exchange Commission has approved the increase in the capital stock of domestic carrier Asian Spirit Inc. from P300 million to P1 billion. The capital increase is in preparation for the company’s...

Business