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LTG injects P3.5 B into real-estate unit
May 10, 2025
|Manila Bulletin
Taipan Lucio Tan’s LT Group Inc. is infusing a total of P3.5 billion into subsidiary Eton Properties Philippines, Inc. (EPPI) and its residential unit Eton City Inc. (ECI) to fund their growth initiatives.
In a disclosure to the Philippine Stock Exchange, LTG said its management has finalized the details of the capital infusion amounting to up to P2.5 billion to Eton Properties and P1 billion to Eton City, which specializes in residential developments.
“While the Board of Directors of LT Group, Inc. approved the capital infusion during its meeting on January 14, 2025, in support of business growth of EPPI and ECI, and to strengthen its capital position, the Management has only today concluded and confirmed the specific terms of the said capital infusion,” LTG said.
With the capital infusion, LTG will gain more Eton Properties shares and have a direct ownership percentage in Eton City.
هذه القصة من طبعة May 10, 2025 من Manila Bulletin.
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