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PAL Holdings Inc Private Placement Lifts Public Ownership To 10%-DJ
Dow Jones reported that PAL Holdings Inc privately placed 2.42 billion new shares raising PHP2.42 billion ($55.8 million), it said on June 27, 2013. PAL Holdings didn't identify the buyers. The shares were sold at par of PHP1. PAL Holdings placed the shares to meet a June 30 minimum 10% public-ownership requirement. PAL Holdings' public ownership is now about 10.4%.
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