In a disclosure made by LIHC last November 9, 2009, the Board of Directors approved the following:
1. Annual stock holders meeting on December 17, 2009 at 2 p.m.
2. Reduction in the par value from one peso (P 1.00) to ten centavos or 10 to 1 stock split.
3. Increase in authorized capital stock from 100,000,000 common shares to 3,000,000,000 common shares.
4. 1:1 Stock rights offering.
5. Amendments to Article VI of the by laws of the corporation.
6. Update on acquisition of Abacoal.
Click here for LIHC PSE disclosure.
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