Ayala Corp. dropped its plan to use the proceeds of its preferred-shares sale to augment the company's capital spending, and will channel the money instead to its debt-servicing program.
The company earlier earmarked the proceeds to fund P4 billionworth of projects under AC Infrastructure.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||October 16, 2014|