Century raising P5b from issuance of preferred shares

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Property developer Century Properties Group Inc. expects to raise up to P5 billion from the issuance of preferred shares.

The management will finalize the terms and conditions of the preferred shares including the timetable of the offering. CPG has been aggressively expanding into other sectors of the housing industry after it acquired the shares of joint venture partner Mitsubishi Corp. in unit PHirst Park Homes.

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MlaStandard /  🏆 20. in PH

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