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SPEAKING OUT Tomorrow (March 1) Muntinlupa will observe its 27th anniversary as a city. It was on this day that former President Fidel V. Ramos, Muntinlupa’s most famous adopted son, signed Muntinlupa’s city charter which converted Muntinlupa into a highly urbanized city. The law was ratified i
BusinessWorld May 25, 2021 | 12:08 am Valmonte THE growing number of companies offering or expressing interest in tapping the real estate investment trust (REIT) market signal confidence in the capital market, but their dividends will be watched by investors, analysts said. âIt shows that companies feel that the capital market is a good place to raise money, and it also shows that there are available investors ready to take them,â Juanis G. Barredo, chief technical analyst of COL Financial Group, Inc., said in a Viber message last week. âIf they feel or sense ot...
The second real estate investment trust in the country will be available to the public before the closing of the first quarter of the year. DoubleDragon Properties Corp.’s DDMP REIT Inc. will debut on the local stock market on March 23, as the Philippine Stock Exchange gave a green light to its initial public offering (IPO) recently, the ABS-CBN News reported. It is the first company to launch a public offering in 2021. The IPO will run from March 10 to 16, after the announcement of the final offer on March 5. DDMP REIT will offer up to 5.94 billion secondary common shares with an oversubsc...
Filinvest Land Inc. is planning to convert its wholly-owned subsidiary, Cyberzone Properties Inc. (CPI), into a Real Estate Investment Trust (REIT) Company. In a disclosure to the Philippine Stock Exchange, FLI said the move has been approved by its Board of Directors. “CPI is intended to be listed on the PSE in compliance with the minimum public ownership requirements under Philippine securities regulations and the Real Estate Investment Trust Act of 2009 and its implementing rules and regulations and under such terms and conditions as FLI’s Board of Directors may subsequently approve,...