DITO planning P4.2-B follow-on offering

Dito Telecommunity News

DITO planning P4.2-B follow-on offering
Dito Telecommunity Corp
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The DITO board said that the purpose of the raise is to “infuse additional capital into its operating subsidiary, DITO Telecommunity... to support the commercial roll-out of its network expansion and for general corporate requirements; and for regulatory compliance with the public offering requirements.

] confirmed that its board of directors approved a plan to conduct a follow-on offering of 1,953,500,000 common shares at P2.15/share. The DITO board said that the purpose of the raise is to “infuse additional capital into its operating subsidiary, ... to support the commercial roll-out of its network expansion and for general corporate requirements; and for regulatory compliance with the public offering requirements.

The current awards and recognition system being implemented in elementary and high schools under the Kindergarten to Grade 12 basic education program ease the pressure of competition among learners and instead...r

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