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FILRT Acquires Festival Mall in P6.26-B Property-Share Swap
The Philippine Star
|January 28, 2025
Filinvest Land Inc. (FLI), the Gotianun family's listed property developer, is selling its flagship Festival Mall in Alabang to the group's real estate investment trust in a P6.26-billion property-for-share swap transaction.
In a stock exchange filing, FLI said that it would enter into a property-for-share swap with Filinvest REIT Corp. (FILRT) to increase its equity in the latter to 63.27 percent from 51.06 percent.
Under the transaction, FLI will transfer its ownership over Festival Mall to FILRT in exchange for the latter's 1.63 billion primary common shares at an issue price of P3.85 per share.
Diese Geschichte stammt aus der January 28, 2025-Ausgabe von The Philippine Star.
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