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1. A Brown Company [BRN 0.70, down 1.4%; 65% avgVol] [link] board of directors approved an equity raise of up to P1.5 billion through the sale of a tranche of preferred shares under BRN’s shelf registration. The tranche will include 15 million preferred shares, priced at P100/share, just like the previous tranche that BRN sold two years ago in November of 2021.