PAL Holdings receives approval for equity restructuring

4 September, 2018

PAL Holdings announced (03-Sep-2018) its application for equity restructuring was granted by the Philippines' Securities and Exchange Commission on 23-Aug-2018. The company's additional paid-in capital of PHP25.34 billion (USD473.1 million) will be used to partially wipe out the company's deficit of PHP29.07 billion (USD542.9 million). [more - original PR]