PROPERTY developer Arthaland Corp. said on Thursday that its board has approved the infusion of P18 million in fresh capital into a real estate subsidiary, Bhavya Properties Inc., through a share subscription.
In a stock exchange filing, Arthaland said it would subscribe to 180,000 preferred shares of Bhavya at P100 each, to be issued from the latter's unissued authorized capital stock and to be fully paid in cash on Oct. 9, 2024.
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