PUBLICLY listed Araneta Properties Inc. is raising P437 million to fund the purchase of more lots, particularly in Bulacan and Ilocos region, to improve the company’s realty business.
In a disclosure to the Philippine Stock Exchange on Monday, the company said it clinched a private placement deal on November 16 with Gregorio Araneta Inc. (GAINC) for the latter to subscribe to 390 million common shares from the unissued capital stock of Araneta Properties.
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