After exiting its court-assisted rehabilitation, Philippine real estate pioneer Philippine Realty Holdings Corp. (Philrealty) plans to double its capital from P2.7 billion to P5 billion sometime next year to better position the company for further fundraising for projects already in the pipeline.
At its annual stockholders’ meeting held in Ortigas on Monday, Philrealty president Amador Bacani said the company is looking to increase its authorized capital to P5 billion from P2.7 billion as its considers how to raise funds for some P20 billion worth of projects that are in the pipeline.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.