Raslag to raise capital from preferred shares

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RENEWABLE energy (RE) firm Raslag Corp. (stock name ASLAG) said it was planning to raise fresh capital by issuing preferred shares out of existing unissued common shares to fund ongoing expansion projects and raise generation capacity.

The company operates four solar projects in Pampanga and is targeting a 1,000 megawatt-peak (MWp) capacity by 2035.

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