Quasi-reorganization
PAL Holdings has lengthy been undergoing quasi-reorganization, often wiping out its deficit that had widened to P18.822 billion as of March 31, and still widening.
The rehabilitation of PAL Holdings required a drastic reduction in the par price of its capital stock, which could result in a discount surplus. As in other corporations subjected to rehabilitation, the procedure would require the sacrifice of stockholders because of the discount of the par cost of their holdings.
By adopting a par value of forty five centavos, PAL Holdings’ authorized capital inventory of 30 billion shares with par fee of P1 might be decreased to P13.5 billion.
Due Diligencer is not the use of PAL Holdings’ quasi-reorganization information. Instead, the analysis is based totally at the company’s PSE posting in which it indexed 24,836,512,096 amazing common stocks, which, when extended by the proposed new par cost of forty five centavos, might be equal to a reduction surplus of P11,176,430,443.
The discount surplus of P11,176,430,443 plus extra paid-in capital or APIC of P7,308,860,000 would give PAL Holdings P18,485,290,443 that it can use to reduce its deficit of P18,821,939,000 as of March 31.The process would depart PAL Holdings a deficit of P336,648,557.
As of March 31, PAL Holdings stated it still had “subscription receivable amounting to P1.Eighty one billion,” which would be more than sufficient to cover the corporation’s ultimate deficit of P336,648,557.
PAL Holdings has lengthy been undergoing quasi-reorganization, often wiping out its deficit that had widened to P18.822 billion as of March 31, and still widening.
The rehabilitation of PAL Holdings required a drastic reduction in the par price of its capital stock, which could result in a discount surplus. As in other corporations subjected to rehabilitation, the procedure would require the sacrifice of stockholders because of the discount of the par cost of their holdings.
By adopting a par value of forty five centavos, PAL Holdings’ authorized capital inventory of 30 billion shares with par fee of P1 might be decreased to P13.5 billion.
Due Diligencer is not the use of PAL Holdings’ quasi-reorganization information. Instead, the analysis is based totally at the company’s PSE posting in which it indexed 24,836,512,096 amazing common stocks, which, when extended by the proposed new par cost of forty five centavos, might be equal to a reduction surplus of P11,176,430,443.
The discount surplus of P11,176,430,443 plus extra paid-in capital or APIC of P7,308,860,000 would give PAL Holdings P18,485,290,443 that it can use to reduce its deficit of P18,821,939,000 as of March 31.The process would depart PAL Holdings a deficit of P336,648,557.
As of March 31, PAL Holdings stated it still had “subscription receivable amounting to P1.Eighty one billion,” which would be more than sufficient to cover the corporation’s ultimate deficit of P336,648,557.
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