MANILA, Philippines — Megaworld Corp. intends to buy back up to P2 billion worth of its shares in hopes of raising the value of its stock as it continues to pursue township expansion, its main income driver.

In a regulatory filing on Thursday, the developer led by billionaire Andrew Tan said its board of directors approved the move to repurchase shares, signaling confidence in the company’s growth prospects.

https://business.inquirer.net/549237/megaworld-moves-to-jack-up-shares-with-p2-b-buyback