MANILA, Philippines — Listed Greenergy Holdings Inc. has completed its P480-million investment into subsidiary Winsun Green Ventures Inc. following regulatory approval on the latter’s capital stock hike.
Following the SEC approval, WGVI’s capital stock increased to P500 million from P20 million, divided into 500 million shares with a par value of P1 apiece, with the subscribed shares now issued to Greenergy. Last December, the listed firm disclosed plans to secure up to P5 billion in loans or other credit facilities with banks or other financial institutions.
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