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AREIT eyes up to P9 B additional share offering
January 29, 2024
|The Philippine Star
AREIT Inc. is planning a follow-on offering or private placement of shares to boost its public float which would decrease following a major propertyfor-share swap transaction with its sponsor Ayala Land Inc.
ALI SVP, CFO and treasurer Augusto Bengzon said the plans for a share offering, which could happen within the year, could involve a private placement of up to P9 billion worth of AREIT shares.
“It’s similar to how we’ve done it in the past. We place it with institutional investors,” said Bengzon, also a director at AREIT.
AREIT would have to take up the matter with its shareholders in a special stockholders meeting in the near term.
هذه القصة من طبعة January 29, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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