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The board of MRC Allied Inc. has approved the company’s subscription to the shares of stocks of Bitstar Prime Holdings Inc., an entity that will facilitate the company’s foray into the country’s information and communication technology sector. MRC’s subscription will enable it to have controlling ownership and interest in Bitstar…
MRC Allied Inc.'s board on Monday approved the signing of a deed of assignment with Menlo Capital Corp. in connection with the former's bid to purchase a stake in Philippine Telegraph and Telephone Corp. (PT&T).
Again, this is not against the rules, it’s just FCG taking full advantage of a loophole.
It feels like there’s something happening at MRC, but it’s kind of a slow-burn, isn’t it?