posted September 01, 2021 at 08:21 pm

Apollo Global Capital Inc. raises P988 million from a follow-on offering to fund the acquisition. Apollo Capital used the funds to acquire a 49-percent stake in a company that owns the vessel used for the offshore mining activities of subsidiary JDVC Resources Corp., purchase equipment and for general corporate purposes. Attending the virtual listing ceremony are (top row, from left) Philippine Stock Exchange president and chief executive Ramon Monzon, APL president Vittorio Paulo Lim, Securities and Exchange Commission chairman Emilio Aquino, PSE chairman Jose Pardo and APL chairman Salvador Santos-Ocampo. They are joined by other officials of the PSE, government agencies, Apollo Capital and private sector groups.

source: https://dev.manilastandard.net/gallery/-news-in-photos/363877/apollo-s-offering.html