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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PLDT Inc | NYSE:PHI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.31 | 1.32% | 23.88 | 23.90 | 23.44 | 23.90 | 35,879 | 01:00:00 |
From May 2019 to May 2024
By Michael Dabaie
Investors led by KKR & Co. (KKR) and Tencent Holdings Ltd. (0700.HK) will separately subscribe to a total of up to $175 million worth of newly-issued shares in Philippines-based digital technology company Voyager Innovations.
The investments will give them a substantial minority stake in Voyager. PLDT Inc. (PHI), a telecommunications and digital services provider in the Philippines, will remain as the majority shareholder of Voyager Innovations.
The transaction is expected to close within the fourth quarter, the companies said Thursday.
The agreements also contain provisions for Voyager Innovations to issue additional shares to other investors which, if it were to occur, would reduce PLDT's ownership to less than 50% while the company would still remain as the largest shareholder.
ADRs of PLDT closed Wednesday down 1.9% to $25.40.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 04, 2018 08:27 ET (12:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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