Property giant Ayala Land Inc. (ALI) has further increased its stake in North Triangle Depot Commercial Corp. (NTDCC), owner of TriNoma mall, after acquiring the remaining stakes of two other shareholders as part of plans to boost its recurring income.
In a disclosure to the stock exchange, ALI said it bought the remaining 167,548 common shares and 703,904 preferred shares held by Allante Realty and Development Corp. and DBH Inc. in NTDCC.
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