PHILIPPINES PRESS-Alphaland sets stock rights offer price - BusinessWorld

Wed Jan 29, 2014 8:04pm EST

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Philippine property firm Alphaland Corp will conduct a stock rights offering for minority shareholders from Feb. 3 to 7 to prevent dilution of their stakes following a recent capital call, the BusinessWorld newspaper reported. The company will raise an estimated 270.8 million pesos ($5.99 million) by issuing 108 million shares at 2.50 pesos apiece.

(link.reuters.com/kyx46v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 45.2000 Philippine pesos) (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

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