THE Philippine Stock Exchange Inc. (PSE) announced that it has approved the initial public offering (IPO) application of Villar-owned Premiere Island Power REIT Corp. (Premiere REIT).

Premiere REIT will be offering up to 1.40 billion shares and up to 210 million over-allotment option shares at a price of up to P2.00 per share. The final offer price will be determined on Nov. 23, 2022 after the real estate investment trust (REIT) concludes its book-building period.

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