LISTED property developer Philippine Realty Holdings Corp. (PhilRealty) said on Wednesday its Board of Directors has approved the acquisition of several properties, including condominium units and prime real estate in Baguio city, worth a combined P384 million.
In a filing with the Philippine Stock Exchange, PhilRealty said it has acquired Meridian Assurance Corp.’s properties in exchange for shares of stocks for a total value of P84.2 million.
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