By Revin Mikhael D. Ochave, Reporter
THE Philippine Stock Exchange (PSE) is aiming to raise P120 billion in capital next year as it anticipates increased market activity.
“This year, we have P79 billion in capital raising. Next year, I think we can do about P120 billion in capital raising, about a 50% increase. These include follow-on offering (FOO), stock rights offering, and private placements,” PSE President Ramon S. Monzon told reporters on the sidelines of a forum in Makati City on Thursday.
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