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MREIT finalizes share swap deal
Manila Bulletin
|October 25, 2025
Megaworld Corp. plans to expand its real estate investment trust MREIT Inc. by transferring 10 office buildings valued at approximately ₱20 billion in exchange for newly issued shares.
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In a disclosure to the Philippine Stock Exchange, MREIT said it is looking to issue and list up to 1.36 billion primary common shares, details of which are yet to be determined, in exchange for cash or properties.
The issuance was approved by the Company's stockholders during the Annual Stockholders' Meeting of the Company held on Sept. 29.
The transaction price for the shares shall be the average adjusted price, not less than ₱14.39 per share. The share price trades at a premium to the Volume Weighted Average Price (VWAP) of MREIT Shares for the 30 Trading Days prior to the Transaction, as validated by a fairness opinion issued by FTI Consulting Philippines, Inc.
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