Podium Complex News Today

BDO buys out the Singaporean investors of the Podium complex as the latter search for new growth opportunities

SY-LED BDO Unibank Inc. said on Wednesday that it had completed the buyout of Keppel Philippines Properties Inc. and Opon-KE Properties Inc.s combined 50-percent stake in SM Keppel Land Inc.

BDO Unibank Inc., the country’s largest lender controlled by the Sy family, said Wednesday it took full ownership of property developer SM Keppel Land Inc., the developer of

LENDER BDO Unibank Inc. on Wednesday said it completed its buyout of the interests of Keppel Philippines Properties Inc. and Opon-KE Properties Inc. in SM Keppel Land Inc., the owner of Podium complex in Ortigas Center. This follows the announcement last March 27, of the Keppel group’s decision to divest…

Again, we will have to wait to see how active the stability fund is being behind the scenes, but shareholders and IPO buyers should not count on a stability fund to protect against losses.

The buyout consisted of the entire equity stake of Keppel Philippines Properties, Inc. and Opon-KE Properties, Inc. in SM Keppel Land, Inc.

Sy-led BDO Unibank Inc. is set to buy out the stake of Singapore’s Keppel Group in SM Keppel Land Inc. (SMKL), effectively taking full control of the Podium Complex in Mandaluyong.