MANILA, Philippines --- A group holding valuable landbank in the Bay Area -- an emerging gaming and entertainment district -- is backdoor-listing on the Philippine Stock Exchange using Supercity Realty Development Corp. (SRDC) as its vehicle. The board of Supercity approved the issuance of 990 million new common shares in favor of Manila Bay Development Corp. (MBDC) and businessman George Chua, giving the new investor group 90 percent ownership, Supercity disclosed to the Philippine Stock Exchange (PSE) on Thursday. MBDC and Chua will contribute to SRDC a total of 12 parcels of land located in Paranaque City with a total area of 22.75 hectare...
Keep on reading: Supercity looms as backdoor-listing vehicle
from INQUIRER.net http://bit.ly/2EHVXUi
-
Manchester City, who strung together 14 league wins at the end of the season, are the first side to retain the title since their bitter riva...
-
MANILA, Philippines--The ambitious infrastructure program coupled with comprehensive tax reform being pursued by the Duterte adminis...
-
MANILA, Philippines --- Some local government units have suspended classes on Friday, July 19, due to heavy rain brought by the southwest mo...
No comments:
Post a Comment