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The Securities and Exchange Commission (SEC) has approved the planned P3.22 billion initial public offering (IPO) of Premiere Island Power REIT Corporation (PREIT), the power and infrastructure REIT platform of Villar-led Prime Asset Ventures, Inc.
The SEC said PREIT is a real estate investment tr
Prime Asset Ventures Inc., through its constituent power companies S.I. Power Corp. and Camotes Island Power Generation Corp., is set to produce a total of 21.27 megawatts of power to energize off-grid communities.
Prime Asset Ventures, Inc. (PAVI), the power and infrastructure company of Manuel Paolo Villar (son of Manuel B. Villar Jr.) is planning to raise P3.2 billion from the initial public offering of its real estate investment trust (REIT).
Premiere Island Power REIT Corporation (PremiereREIT), which w
The Villar Group is again raising money from the stock market after the listing of VistaREIT Inc., Vista Land & Lifescape Inc.’s real estate investment trust, in June.