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Security Bank seeks SEC OK for rights issue
 

July 31, 2009


LISTED SECURITY Bank Corp. is seeking the Securities and Exchange Commission’s (SEC) approval to sell P2.5 billion worth of shares to its stockholders to increase its stock funds for possible acquisitions.

In a registration statement filed with the SEC, Security Bank said it had chosen SB Capital Investment Corp. as the share sale’s underwriter, and J.P. Morgan (S.E.A), Ltd. as its international lead manager.The lender has yet to set the price of the shares, the number of shares stockholders are entitled to subscribe to and the date of the offering.

 




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