State-run Land Bank of the Philippines (LandBank) said it would need about P1.5 billion to acquire control of Philippine Dealing System Holding Corp. (PDSHC).

“If we buy 66.67 percent [of PDSHC] that will be equivalent to 4.167 million shares. If we buy at P360 per share, that will be a total buying amount of P1.5 billion,” LandBank President and CEO Alex Buenaventura told reporters.

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