High-end property developer Shang Properties Inc. is to spend P1.42 billion for acquiring more shares in its subsidiary KSA Realty Corp in a bid to raise its equity in the group.
In a disclosure to the Philippine Stock Exchange on Wednesday, Shang Properties said it has purchased 85.77 percent of 207,082 shares of Ocmador Philippines B.V. in KSA at P6.855 apiece.
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