VILLAR-LED Vista Land and Lifescapes Inc. (VLL) on Friday listed a follow-on offering at the Philippine Stock Exchange (PSE) that earned it P3 billion in proceeds.
VILLAR-LED Vista Land and Lifescapes Inc. on Friday listed a follow-on offering at the Philippine Stock Exchange that earned it P3 billion in proceeds.PSE Inc. Chief Operating Officer Roel Refran congratulated Vista Land for the offering of Series 2A and Series 2B preferred shares during the listing ceremony.The firm had planned to raise up to P5 billion but only sold the base portion of the offering. A P2-billion oversubscription option was not exercised.
Vista Land President and Chief Executive Officer Manuel Paolo Villar, meanwhile, said 'we are here once again to celebrate as we ring for our maiden preferred shares offering and it's testament to our continued success.''Innovation is part of this company's DNA and the cornerstone of our strategies. We believe that we have capably demonstrated this through the different brands of Vista Land,' he added.Net proceeds from the offering, estimated at about P2.
Land Raises P3B From Preferred Shares
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