Businessman Lucio Co has expressed interest to launch an initial public offering of his own real estate investment trust worth as much as P30 billion, according to the Philippine Stock Exchange Inc. .
He added that they have been informed that Cosco is currently finalizing the list of the underwriters it will be tapping for the IPO. The terminal also operates jetty facilities for bulk loading and unloading, mooring buoys, water storage tanks for fire protection and maintenance as well as truck loading racks.
A majority of Ellimac’s commercial retail buildings are being leased by prominent retail tenants in support of Puregold Price Club Inc.’s retail customers. These include The Fairview Terraces, the group’s second commercial shopping complex that was co-developed with Ayala Land Inc. 118 Holdings also owns a 12,464 square meters parcel of land in Imus, Cavite with a one-storey retail structure which houses over 40 tenants with Puregold price Club Inc. as its primary lessee.
Aside from IPOs, capital-raising activities in the PSE include private placements, follow-on offerings, and stock rights offerings by publicly-listed companies.
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