LISTED property developer Haus Talk, Inc. has canceled its projects and land acquisitions in Calasiao, Pangasinan and Sta. Rosa, Laguna to refocus funds to its project in Biñan, Laguna, its chairman said. READ:
In a disclosure to the Philippine Stock Exchange, the company quoted its chairman, Terence Restituto D. Madlambayan, as saying that “the corporation decided to refocus its resources and cancel the projects in Calasiao, Pangasinan and Sta. Rosa, Laguna, and recognized the potential of the Biñan project.”
Slated to be launched by November this year, the Biñan project will have 1,400 units in a 12-hectare development. A company official previously toldthat it was expecting P3.8 billion in revenues from the mixed-use project development. “In the pipeline are the Bacoor and Mariveles projects which are expected to be launched in the next few years,” Mr. Madlambayan said.Haus Talk’s chairman was also asked about efforts to return to its initial public offering price of P1.5 a share in January, to which he said that the company’s fundamentals “are good, and it has been performing relatively well.”
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Haus Talk cancels projects in Pangasinan, Laguna - BusinessWorld OnlineLISTED property developer Haus Talk, Inc. has canceled its projects and land acquisitions in Calasiao, Pangasinan and Sta. Rosa, Laguna to refocus funds to its project in Biñan, Laguna, its chairman said. READ:
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