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                    [ArticleID] => 306765
                    [Title] => Sanyo to infuse more funds into RP unit
                    [Summary] => The Sanyo Group of Japan plans to infuse additional capital into Sanyo Phils. Inc. (SPI) to beef up its working capital requirements.


In a letter to the Securities and Exchange Commission (SEC), SPI said it intends to increase its foreign equity and apply under the Foreign Investments Act (FIA).


However, with the increase of its foreign equity to more than 40 percent of its outstanding capital stock, it will no longer be allowed to own land due to the existing Constitutional prohibition.


                    [DatePublished] => 2005-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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SANYO PHILS

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                    [ArticleID] => 306765
                    [Title] => Sanyo to infuse more funds into RP unit
                    [Summary] => The Sanyo Group of Japan plans to infuse additional capital into Sanyo Phils. Inc. (SPI) to beef up its working capital requirements.


In a letter to the Securities and Exchange Commission (SEC), SPI said it intends to increase its foreign equity and apply under the Foreign Investments Act (FIA).


However, with the increase of its foreign equity to more than 40 percent of its outstanding capital stock, it will no longer be allowed to own land due to the existing Constitutional prohibition.


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abtest

Sanyo to infuse more funds into RP unit

November 14, 2005 - 12:00am

The Sanyo Group of Japan plans to infuse additional capital into Sanyo Phils. Inc. (SPI) to beef up its working capital requirements. In a letter to the Securities and Exchange Commission (SEC), SPI said it intends...

Business