MANILA, Philippines — Property developer Megaworld Corp. has sold a portion of its shares in its real estate investment trust (REIT), raising PHP 2.24 billion and paving the way for possible asset infusions.
Led by Andrew Tan, Megaworld announced on Thursday that it sold 168.63 million common shares of MREIT Inc. at PHP 13.28 per share through a block sale transaction.
https://business.inquirer.net/547762/megaworld-trims-mreit-stake-in-p2-24-b-deal