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Vista Land raises P3 B from preferred shares offer
The Philippine Star
|October 05, 2024
Vista Land & Lifescapes Inc., the listed property developer of the Villar Group, has raised P3 billion in its return to the equities market.
The Series 2A and Series 2B preferred shares were listed on the main board of the Philippine Stock Exchange yesterday.
"Today marks another incredible milestone for the company as we return to the equity market after our initial listing in 2007," Vista Land president and CEO Manuel Paolo Villar said.
China Bank Capital Corp. managing director Juan Paolo Colet said the take up from the offer was good, driven by retail and institutional investors looking to lock in attractive dividend yields.
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