Live Breaking News & Updates on Nc The Company Will Offer Up To 3

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 ....

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