San Miguel wants steep premium for share sale | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysis, Features

MANILA, Philippines - San Miguel Corp. plans to price a share offer in the first quarter at a steep premium to the current market price, its president said, setting it at a level that would raise more than P200 billion.
The issue would be priced at more than P200 ($4.5) per share, 20% or more above Wednesday's closing price, San Miguel president Ramon Ang said. | ABS-CBN News