JG Summit to inject P17.1B into petrochemical unit to cover debts




JG Summit Holdings, Inc. will inject up to P17.1 billion into its petrochemical unit JG Summit Olefins Corp. (JGSOC) to cover maturing obligations, the company said on Thursday. The company’s board approved the proposal during a meeting on Nov. 13, JG Summit said in a disclosure to the stock exchange. “This infusion is primarily intended […]



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