Robinsons Bank has secured the approval of the Securities and Exchange Commission to jack up its authorized capital to P27 billion from P15 billion in line with its goal to upgrade to universal banking.
JG Summit Capital Services Corp. and Robinsons Retail Holdings Inc. (RRHI) subscribed to at least 25% of the increase equivalent to P3 billion, and paid the amount in full.
Solid fan of Sun Cellular here. It is always fine and sunny.
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