Live Breaking News & Updates on Ith An Over Allotment Option Of Up To 333

MANILA - The Securities and Exchange Commission (SEC) has considered favorably the initial public offerings (IPO) of VistaREIT, Inc. of up to PHP9.178 billion and of Raslag Corp. worth up to PHP700 million. In its meeting on May 5, the commission en banc resolved to render effective the registration statements of VistaREIT and Raslag covering 7.5 billion common shares and 1.5 million common shares, respectively, subject to the companies' compliance with certain remaining requirements. VistaREIT VistaREIT is a real estate investment trust (REIT) sponsored by Villar-led companies - Masterpiece Asia Properties, Inc., Manuela Corporation, Vista Residences, Inc., Crown Asia Properties, Inc., and Communities Pampanga, Inc. The company will offer up to 3,337,500,000 common shares at a price of up to PHP2.50 per share, with an over allotment option of up to 333,750,000 common shares. The shares, which are currently owned by the sponsors, will be listed and traded on the Main Board of the P ....

Angeles City , Metro Manila , Philippines General , San Carlos , Negros Occidental , City Of Taguig , Camarines Norte , Cavite City , Davao City , Peter Nepomuceno , Real Estate Investment Trust , Crown Asia Properties Inc , Vistareit Inc , Vproperty Management Inc , Manuela Corporation , Vfund Management Inc , Masterpiece Asia Properties Inc , Vista Residences Inc , Communities Pampanga Inc , Main Board Of The Philippine Stock Exchange , Raslag Corp , China Bank Capital Corporation , Sb Capital Investment Corporation , Exchange Commission , Angeles Power Inc , Capital Investment Corporation ,