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.
Esta historia es de la edición September 21, 2024 de The Philippine Star.
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Esta historia es de la edición September 21, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
SOFRONIO VASQUEZ'S PASSION AND DETERMINATION LEAD TO HISTORIC 'THE VOICE USA' VICTORY
DREAMS DO COME TRUE. However, there's a caveat or condition for one to make it happen.
OPM icons take pride in Sofronio Vasquez's big win
Sofronio Vasquez became the first-ever Filipino and Asian to win the hit US talent search \"The Voice USA.\"
Ricky Lee: Direk Ishmael Bernal will be happy and amused with 'Isang Himala'
Essaying the role of Elsa, the barrio lass who witnessed the apparition of the Virgin Mary that changed her life in director Ishmael Bernal's \"Himala\" (1982), is a huge challenge for any actress who will portray it, especially since it was originated by Nora Aunor.
ATE VI AS A GATECRASHER AND HER DREAM GUEST LIST
After six decades (and counting) in the biz, Vilma Santos practices quality control in the movies she puts her full emotional investment into.
All the Light Rail we can see
The Light Rail Transit 1 (LRT-1) Cavite Extension Project will increase the total number of LRT-1 stations from 20 to 28, covering several major cities including Quezon City, Caloocan, Manila, Pasay, and Parañaque, all the way to Bacoor, Cavite.
RUPERT JACINTO'S 'FAAABULOUS XII' GALA NIGHT
Rupert Jacinto's \"Faaabulous XII,\" a photo exhibit, book launch and fabulousity gala night, was held recently at the Marriott Grand Ballroom.
Lunches with Cedie
It was November of 1986, and Mom and I had gotten home from an extended trip visiting relatives in the States.
NGCP's P2.6-B Capas project gets ERC nod
The Energy Regulatory Commission (ERC) has given the National Grid Corp. of the Philippines (NGCP) the green light to develop a P2.59-billion transmission project in Capas, Tarlac.
Easing inflation, policy rates to support residential market
Softer inflation and lower policy rates would be favorable for the residential market, according to a professional services and investment management company.
Visa simplifies money transfers for OFWs, SMEs
Global payments platform Visa is strengthening its commitment to simplifying and securing digital money transfers for overseas Filipino workers (OFWs), digital workers, and small and medium enterprises (SME) owners especially this holiday season when remittances peak.
