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Lucio Co doubles capital hike in Da Vinci transformation to The Keepers

Bilyonaryo Lucio Co has tweaked his plans just three weeks after unveiling the transformation of his dormant publicly-listed firm, Da Vinci Capital Holdings to The Keepers Holdings.

Instead of the initial plan to increase Da Vinci’s authorized capital stock to P1 billion, Co is now pushing to increase it to P2 billion from the current P327 million.

READ: From Da Vinci to The Keepers: Lucio Co’s long-dormant firm comes to life as daughter Camille, Premier Wine execs join board

Da Vinci’s board also approved to change the firm’s par value to 10 centavos per share from the previous plan of P1 per share.

Da Vinci’s board said the changes were meant “o make the share price more accessible to retail investors and help improve trading volume and liquidity.”

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