In a stock exchange filing, ALI said it sold 75 million common shares of AREIT at P36.2 apiece under a placement agreement with UBS AG Singapore Branch and BPI Capital Corp.
ALI expects the proceeds from the block sale to be settled on Sept. 24, subject to the terms and conditions of the placement agreement.
"The transaction was multiple times oversubscribed, given the solid demand from high-quality, long-only institutional investors," the company said.
Diese Geschichte stammt aus der September 21, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der September 21, 2024-Ausgabe von The Philippine Star.
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GCash offers P300 and below loans
E-wallet leader GCash is stepping up its credit program with the launch of nano loans, lending as low as P100 for low-income users in need of immediate cash to cater to their basic needs.
Group warns gov't against amending SIM registration law
An advocacy group championing consumer rights has cautioned the government against amending the SIM registration law, saying that the proposal to limit SIM ownership will mean nothing if law enforcement remains weak and incapable of going after fraudsters.
Gov't, CAMPI partner for smoother entry of motor vehicle parts
The Board of Investments (BOI) and Bureau of Customs-Manila International Container Port (BOCMICP) have teamed up with the country's group of vehicle assemblers to enhance customs procedures for the importation of motor vehicle parts.
Infra, innovation vital to economic growth - NEDA
Investments in infrastructure and innovation are key to enhancing the country's resilience against climate shocks and achieving sustainable economic growth, according to the National Economic and Development Authority (NEDA).
DFNN to raise add'l capital through private placements
Listed DFNN Inc.is raising additional capital through private placements to fund its expansion and settle financial obligations.
State agencies post better spending rate in 8 months
The government ramped up the releases of cash allocations, with state agencies remaining in a higher spending mode from January to August compared to a year agp.
Haus Talk buys P1 B property for mixed-use project
Property developer Haus Talk Inc.(HTI) is acquiring a P1-billion property in Rizal for its first mixed-use development project.
ACEN on track to complete wind farm in Laos
Ayala-led ACEN Corp.is making significant strides.in the construction of the 600-megawatt (MW) Monsoon Wind project in Laos, which is set to become one of the largest wind farms in Southeast Asia.
ALI raises P2.7 B from sale of AREIT shares
Property giant Ayala Land Inc. (ALI) has raised P2.72 billion from a fresh round of block sale of shares of AREIT Inc.
Motorcycle firms join fight vs counterfeiting
The Motorcycle Development Program Participants Association Inc.
