Try GOLD - Free
EEI to raise P2 B via private placement
The Philippine Star
|November 21, 2024
Listed construction giant EEI Corp. is raising P2 billion via the issuance of preferred shares to bolster the company's balance sheet and fund future projects.
In a stock exchange filing, EEI said it secured board approval to issue 20 million preferred shares with a par value of P0.50 from its unissued preferred shares by way of private placement.
EEI said the subscription to the preferred shares by way of private placement has a total aggregate value of P2 billion.
RCBC Trust Corp. will serve as investment manager.
This story is from the November 21, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Ex-DPWH exec Alcantara's license revoked
The license of former public works Bulacan district engineer Henry Alcantara, who is allegedly involved in anomalous flood control projects, has been revoked by the Professional Regulatory Board of Civil Engineering (PRB-CE).
1 mins
January 14, 2026
The Philippine Star
Changan Hunter 4x4 - Stellar ride and then some
Pickups, and their fans, are a traditional bunch.
6 mins
January 14, 2026
The Philippine Star
Phl, UAE sign trade agreement
The Philippines and the United Arab Emirates (UAE) have forged a free trade pact seen to widen market access for goods and services and generate more opportunities for Filipino workers in the Middle Eastern country.
2 mins
January 14, 2026
The Philippine Star
P105.7-B PPP scheme OK'd to ease classroom shortage
President Marcos has approved a P105.7-billion public-private partnership (PPP) scheme aimed at addressing the country's 165,000-classroom shortage, Education Secretary Sonny Angara announced yesterday.
3 mins
January 14, 2026
The Philippine Star
FDI net inflows fall to $642 M
Foreign direct investments into the country plunged by nearly 40 percent in October
2 mins
January 14, 2026
The Philippine Star
TROPANG 5G GO FOR KILL
Qualifying for the PBA Season 50 Philippine Cup finals as early as possible would offer extra time for the players to recover and recharge while waiting for their opponent.
1 mins
January 14, 2026
The Philippine Star
MISSING SABUNGEROS CASE: No arrest warrants yet vs Atong Ang
No arrest warrants have been issued yet against businessman Charlie \"Atong\" Ang and several other people tagged in the disappearance of cockfight enthusiasts or sabungeros, the Department of Justice (DOJ) said yesterday.
1 min
January 14, 2026
The Philippine Star
Children’s staple
Certain mothers are worried about the voluntary recall announced by Nestlé beginning last month of several batches of baby formula due to possible toxin contamination.
3 mins
January 14, 2026
The Philippine Star
Gatchalian urges executive to reform budgeting
Senate finance committee chair Sherwin Gatchalian urged the executive department to reform the crafting of the National Expenditure Program (NEP) to put an end to the questionable practice of “budget insertions” and “allocables.”
2 mins
January 14, 2026
The Philippine Star
Proof of life
What the country needs today is proof of life from BBM.
4 mins
January 14, 2026
Listen
Translate
Change font size