MREIT president and CEO Kevin Tan said the proceeds from the transaction would be used enhance the company’s development pipeline.
This, in turn, will further expand the opportunities for MREIT, Tan said.
Megaworld sold 40.65 million common shares in MREIT at P12.30 apiece through a block sale transaction.
MREIT said the transaction, representing around 1.5 percent of MREIT’s total outstanding shares, garnered support from a reputable and long-term institutional investor.
Bu hikaye The Philippine Star dergisinin April 20, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin April 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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