Philippine glassmaker Alliance Global Inc. said a new investor had infused Pso 1.72 billion into the company.
Shares of Alliance soared shortly after its announcement of a new investor. It was up rec…
Philippine glassmaker Alliance Global Inc. said a new investor had infused Pso 1.72 billion into the company. Shares of Alliance soared shortly after its announcement of a new investor. It was up recently 10.87% or Pso 1.25 at Pso 12.75. The stock exchange lifted the trading halt on the firm following the company“s disclosure. Alliance said in a letter to the exchange that Yorkshire Holdings Inc recently subscribed to 1.25 billion shares out of the 4.5 billion share increase in the company“s authorized capital stock. Alliance gave no further details. The exchange suspended shares of Alliance before the start of trade following a newspaper report, which said the firm was eyeing a medium-sized food and beverage firm and a property company engaged in mid-sized housing projects. The report said Yorkshire Holdings was owned by McDonald“s local franchise holder George Yang.