Megaworld raises P500M via block sale
PROPERTY giant Megaworld Corp., headed by tycoon Andrew Tan, has raised nearly P500 million from the block sale of common shares of its real estate investment trust, MREIT Inc. The transaction, brokered by BDO Securities, involved some 40.65 million common shares of MREIT that were offered at a price of P12.30 each, Megaworld said in […]
T Kauer 
PROPERTY giant Megaworld Corp., headed by tycoon Andrew Tan, has raised nearly P500 million from the block sale of common shares of its real estate investment trust, MREIT Inc.
The transaction, brokered by BDO Securities, involved some 40.65 million common shares of MREIT that were offered at a price of P12.30 each, Megaworld said in a stock exchange filing on Thursday.
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