JG Summit to acquire P519-M Oriental Petroleum shares from unit

Oct 24, 2026

MANILA, Philippines — JG Summit Holdings Inc. plans to acquire 37.05 billion shares in Oriental Petroleum and Minerals Corp. from its wholly owned subsidiary, placing the investment directly with the parent company. The conglomerate’s board said on Friday that it approved the proposed acquisition from JG Summit Capital Services Corp. on Oct. 22. READ: JG Summit

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