C03804-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 1,442,216,332 | |
PREFERRED SHARES | 14,500,000 |
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Subject of the Disclosure |
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Phoenix sees recovery after a challenging 2022 |
Background/Description of the Disclosure |
Phoenix Petroleum is seeing signs of recovery in the first quarter of this year in the wake of recording 2022 business results marred by the year’s economic setbacks. Narrowing its revenue loss in Q1 2023, Phoenix is set on the path to recovery. The company is also benefiting from its diversified portfolio as its overseas businesses in Singapore and Vietnam, and its LPG arm delivered encouraging numbers. |
Other Relevant Information |
Please see attached SEC Form 17-C. |
Name | Rosalio II Roque |
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Designation | Legal Manager |