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                    [ArticleID] => 293636
                    [Title] => Aboitiz Equity eyes $80M from sale of treasury shares
                    [Summary] => Aboitiz Equity Ventures Inc. (AEV), the investment holding company of the Aboitiz family, expects to raise around $80 million (roughly P4.4 billion) from the sale of its treasury shares proceeds of the sale will be used to bankroll the expansion of its power generation and banking units and finance new investments.


AEV president and chief executive officer Jon Ramon Aboitiz said the company is merely waiting for a better time to implement its planned issuance of 890 million shares through a secondary offering.


                    [DatePublished] => 2005-08-27 00:00:00
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 293636
                    [Title] => Aboitiz Equity eyes $80M from sale of treasury shares
                    [Summary] => Aboitiz Equity Ventures Inc. (AEV), the investment holding company of the Aboitiz family, expects to raise around $80 million (roughly P4.4 billion) from the sale of its treasury shares proceeds of the sale will be used to bankroll the expansion of its power generation and banking units and finance new investments.


AEV president and chief executive officer Jon Ramon Aboitiz said the company is merely waiting for a better time to implement its planned issuance of 890 million shares through a secondary offering.


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Aboitiz Equity eyes $80M from sale of treasury shares

By Zinnia B. Dela Peña | August 27, 2005 - 12:00am

Aboitiz Equity Ventures Inc. (AEV), the investment holding company of the Aboitiz family, expects to raise around $80 million (roughly P4.4 billion) from the sale of its treasury shares proceeds of the sale will...

Business