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                    [ArticleID] => 322582
                    [Title] => SEC okays Abacus Consolidated’s capital increase to P2.5 billion
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in authorized capital stock of listed holding firm Abacus Consolidated Resources & Holdings Inc. (ACRH) to P3 billion from only P500 million.


Of the increase in capital, P1.1 billion has already been subscribed and fully paid by Blue Stock Development Farms.


ACRH earlier approved the acquisition of 97 percent of Philippine Regional Investment Development Corp. (PRIDE) which owns the properties needed by the listed company for its business.  


                    [DatePublished] => 2006-02-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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BLUE STOCK DEVELOPMENT FARMS

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                    [ArticleID] => 322582
                    [Title] => SEC okays Abacus Consolidated’s capital increase to P2.5 billion
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in authorized capital stock of listed holding firm Abacus Consolidated Resources & Holdings Inc. (ACRH) to P3 billion from only P500 million.


Of the increase in capital, P1.1 billion has already been subscribed and fully paid by Blue Stock Development Farms.


ACRH earlier approved the acquisition of 97 percent of Philippine Regional Investment Development Corp. (PRIDE) which owns the properties needed by the listed company for its business.  


                    [DatePublished] => 2006-02-21 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
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SEC okays Abacus Consolidated’s capital increase to P2.5 billion

By Zinnia B. Dela Peña | February 21, 2006 - 12:00am

The Securities and Exchange Commission (SEC) has approved the increase in authorized capital stock of listed holding firm Abacus Consolidated Resources & Holdings Inc. (ACRH) to P3 billion from only P500 million. Of...

Business