GT Capital Holdings Inc., the listed conglomerate of tycoon George Ty, is certain it will increase its stake in Property Company of Friends Inc. (Pro-Friends) to 50 percent from its current 22.68 percent holding due to opportunities in the low and affordable housing segment, the company’s president said on Friday.
Carmelo Maria Luza Bautista, GT Capital president, told reporters the company will surely exercise the option to increase its stake in Pro-Friends to 50 percent, considering the growth potential in the low cost housing sector.
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