Alliance Select board OKs equity restructuring

The Manila Times 2 h Philippines

ALLIANCE Select Foods International Inc. is planning an equity restructuring that aims to wipe out about $21.3 million (approximately P1.33 billion) in accumulated deficit while paving the way for a P660-million capital infusion from parent company Strongoak Inc. The board approved the proposed restructuring at a special meeting on Sept. 2, subject to stockholder and regulatory approvals, Alliance

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