DNL approves $398m capital raise, sale of Chemrez Technologies

Visual from the company website

Philippine-based food and manufacturing company D&L Industries Inc (DNL) will be raising its planned capital base by up to $398 million (P18 billion). It has also got an approval for the sale of its subsidiary Chemrez Technologies Inc, a manufacturer of powder coatings in the Philippines.

The company announced a 100 per cent stock and P0.15 per share regular dividends for 2015.

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