Page 2 - சைபர்ஜோன் ப்ராபர்டீஸ் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
How Filinvest City is conquering the Philippine business hub
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Filinvest REIT gets PSE nod for nearly 5-B shares offer
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Filinvest City and Manila Bulletin set to stage webinar focused on South area property investments
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By Reuters Staff
2 Min Read
MANILA (Reuters) - The Philippines’ Securities and Exchange Commission said on Tuesday it has approved Filinvest Land Inc’s up to 14.92 billion pesos ($300.56 million) share sale for its real estate investment trust (REIT) unit.
Cyberzone Properties Inc, which will change its name to Filinvest REIT Corp, will offer up to 1.63 billion common shares at a price of up to 8.30 pesos per share, with an overallotment option of up to 163.4 million common shares, or a 36.74% stake.
The initial public offering will run from July 19 until July 28, with the shares to begin trading on the Philippine Stock Exchange on Aug. 6, the SEC said in a news release.
Philippine regulator approves Filinvest Land s $300 million REIT IPO
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