FEU CAPITAL RAISE TO P5 BILLION OKAYED

The Securities and Exchange Commission has approved the increase in the authorized capital stock of listed Far Eastern University from P2 billion to P5 billion.

In a disclosure today to the PSE, the listed university said that the and the amendment to its Article Seventh of the Amended Articles of Incorporation was approved last  March 19, 2020.    

Earlier, the Board of Trustees of Far Eastern University at its meeting held on 10 September 2019 approved the increase in the authorized capital stock of the FEU from P2 billion divided into twenty million (20,000,000) shares of common stock, with a par value of One Hundred Pesos (P100.00) per share, to P5 billion divided into 50 million  (50,000,000) shares of common stock, with a par value of One Hundred Pesos (P100.00) per share.