The PSE said in a statement PREIT planned to sell 1.4 billion shares, with additional 210 million shares in case of overallotment, at a maximum of P2 apiece. READ:
The PSE said in a statement PREIT planned to sell 1.4 billion shares, with additional 210 million shares in case of overallotment, at a maximum of P2 apiece.
The local bourse said PREIT would conduct a book-building exercise to determine the final offer price for the maiden share offering.PREIT scheduled the offering from Nov. 28 to Dec. 5. The shares will be listed on the main board of the PSE on Dec. 15. The company’s initial property portfolio consists of land and power plant assets utilized in the power generation projects of SIPCOR and CAMPCOR in Cebu and Siquijor, which have a combined installed capacity of 21.2 megawatts.
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