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SEC approves AREIT, ALI's P11.26-B assets-for-shares swaps

The Securities and Exchange Commission (SEC) has approved the P11.26 billion assets-for-equity swap between AREIT Inc. (AREIT), the Philippines’ pioneer real estate investment trust, and its sponsor Ayala Land, Inc. (ALI).
In a disclosure to the Philippine Stock Exchange, AREIT said ALI will subsc

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