Phinma to sell P281 million in treasury shares - Philstar.com

Treasury shares are kind of a weird animal, in that they were shares that were once authorized and issued, but were since re-purchased or otherwise re-acquired by the company.

Phinma Corp [PHN 19.94] [link] announced board approval for the sale of 14,450,179 treasury shares at a minimum selling price of P19.50/share. At that price, a complete sale of the treasury shares w… [+1501 chars]

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