Low-cost housing developer IRC Properties Corp. is increasing its authorized capital stock to P3 billion from P1 billion to develop more housing projects and fund an expansion into higher end commercial, retail and office developments.

“In our stockholders’ meeting last year, the shareholders approved the increase in the authorized capital stock to P3 billion from P1 billion to develop more projects,” President Esteban Peña Sy, told The Manila Times.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details