CHINA Bank Securities reported that it bought Premiere Island Power REIT Corp. (PremiereREIT) shares for the purpose of stabilizing the company's share price.

In a disclosure to the Philippine Stock Exchange (PSE), the securities dealer declared that this is in line with reference to the Securities and Exchange Commission's approval letter dated Nov. 24, 2022 in connection with the stabilization activities for the equity offering of PremiereREIT and the requirement to file a weekly stabilization report.

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