Megaworld raises P500-M selling block of MREIT at P12.30/share

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 94%

Philippine Stock Exchange News

Megaworlddisclosed that it sold 40,650,000 shares of its REIT subsidiary, MREIT, through a block sale transaction at a price of P12.30/share.

], through a block sale transaction at a price of P12.30/share. The deal raised P500 million for MEG, and it pushed an additional 1.45% of MREIT’s outstanding shares into the public float. Once the agreement is settled next week, MREIT’s public float will rise to 44.87%.This block sale move has quickly caught on as the preferred method for gaining the public float needed to facilitate an asset-for-shares swap.

The yearly Xiaomi Fan Festival is a celebration of Xiaomi’s anniversary, and also the tech brand’s way of showing...The yearly Xiaomi Fan Festival is a celebration of Xiaomi’s anniversary, and also the tech brand’s way of showing its gratitude for its fans’ unwavering support. This year’s festival will be an immersive event that will exude energy and excitement to captivate the Xiaomi community.Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace.

Stocks Trading

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Escape this summer without leaving Megaworld Hotels & Resorts offers the ultimate staycation experience this Holy WeekHopping Into Summer Room Ultimate Room Deal Richmonde Ortigas Heated Indoor Pool Richmonde Ortigas Twin Room Eastwood Richmonde Superior Room Eastwood Richmonde Pool Bring the entire gang when you explore and discover Binondo much like these plushy buddies from all over MHR’s properties.
Source: BusinessMirror - 🏆 19. / 59 Read more »

HEADLINES: NFA sold P12-B rice sans biddingHEADLINES: NFA sold P12-B rice sans bidding | Mar. 22, 2024
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Cavite lotto player wins P12.9 million jackpotA bettor in Dasmariñas, Cavite won the P12.9-million jackpot in the Regular Lotto 6/42 drawn on Tuesday night, the Philippine Charity Sweepstakes Office announced yesterday.
Source: PhilstarNews - 🏆 1. / 94 Read more »

DA allots P500 million fuel subsidy for fishers, farmersThe Department of Agriculture has allocated P500 million to provide fuel subsidies for fishers and farmers amid the unabated increase in the retail prices of petroleum products.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Police arrest 2 HVIs, seize over P500,000 worth of shabuSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »

Philippines’ biggest hotel developer bets big in tourismMegaworld continues to pour in more investments to help boost Philippine tourism as it eyes to have about 20 operating hotel properties in its portfolio by 2029.
Source: PhilstarNews - 🏆 1. / 94 Read more »