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MREIT, Megaworld set property-for-share swap

MREIT Inc., the real estate investment trust of Megaworld Corp., on Friday reported that the Securities and Exchange Commission (SEC) had approved a proposed property-for-share swap.

'On 23 March 2023, the SEC issued its confirmation of the valuation of the property-for-share swap transaction between Megaworld and MREIT,' the firm said.