AYALALAND Logistics Holding Corp. affiliate Orion Land has completed the first tranche of its block sale of 215.09 million common shares to Avida Land Corp.
In a disclosure on Tuesday, AyalaLand Logistics said the shares, representing 3.44 percent of Orion’s outstanding shares, were bought for P628.06 million. These are part of the 264.53 million shares that Avida was set to purchase from Orion.
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