May 25, 2007
Updated 13:38:39 (Mla time)
MANILA, Philippines -- EIB Realty Developers Inc. said its board of directors had approved a plan to sell more shares to raise up to P5 billion, and an increase in its authorized capital stock to P9 billion from P246.3 million currently.
Following EIB Realty's announcement, the stock exchange approved the property developer's request for the suspension of trading of its shares starting Friday and until the company secures approval from the Securities and Exchange Commission for its capital hike and the listing of additional shares.
The stock closed at P0.27 Thursday.
http://services.inquirer.net/express/07/05/26/html_output/xmlhtml/20070525-67942-xml.html
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