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EEI betting on real estate IPO
Manila Bulletin
|December 5, 2025
Construction firm EEI Corp. is bailing out one subsidiary from P11.42 billion in debt while consolidating two units into another subsidiary to create a “pure-play” real estate company for a future initial public offering (IPO).
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In a disclosure to the Philippine Stock Exchange (PSE), EEI said its board of directors has approved the acquisition of the liabilities of wholly owned subsidiary First Orient International Ventures Corp. (FOIVC) in exchange for unissued shares in FOIVC.
The assignment of the liabilities is subject to the consent of the creditors, and the issuance of the shares in FOIVC is subject to the approval of the Securities and Exchange Commission (SEC).
This story is from the December 5, 2025 edition of Manila Bulletin.
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