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Business > Corporate News
Arthaland eyeing P3B from follow-on offering
By Earl John Alfaro
Oct 22, 2024 12:18 am

PROPERTY developer Arthaland Corp. is looking to raise P3 billion via a follow-on offering (FOO) of up to 6 million Series F preferred shares to refinance existing loans and fund ongoing projects.

The base offer will consist of 4 million Series F preferred shares (stock symbol ALCPF), with an oversubscription option of up to an additional 2 million, priced at P500 apiece, Arthaland said on Monday.

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