IP E-Game Ventures clarifies REIT plan (sort of)

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 94%

Philippine Stock Exchange News

IP E-Game Ventures said a couple of days ago that it would create a new REIT subsidiary, and the PSE asked for EG to clarify the rationale for the move, the timeline for the plan, and other details to help investors learn more about the company’s initial vague announcement.

said a couple of days ago that it would create a new REIT subsidiary, and the PSE asked for EG to clarify the rationale for the move, the timeline for the plan, and other details to help investors learn more about the company’s initial vague announcement. According to EG’s clarification , it’s looking to get into the REIT game to “provide the Company with recurring revenues and profits... will translate to an improved financial performance for the Company and aims to improve shareholder value.

Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.Unilab lauds FDA’s proactive measures vs fake drugsDigiPlus notified the exchange that it would list 1.

These are bleak times on the PSEi. After teasing a breach of the 6,350 support level for several days, it finally punched... The Philippine bond market expanded at a faster pace in the first quarter than the previous three-month period, fueled by...The Anti-Money Laundering Council has ordered financial institutions and government agencies to freeze the bank accounts and assets of a person tagged as a terrorist by the Anti-Terrorism Council.With the annual increase in end-stage renal disease cases, the Marcos administration will construct a P2.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IP E-Game Ventures plans to create a REITIP E-Game Ventures [EG suspended] [link] disclosed that its board approved the company’s plan to invest in a new subsidiary that would be converted into a REIT (real estate investment trust) and eventually listed on the PSE
Source: PhilstarNews - 🏆 1. / 94 Read more »

GMA7 affiliate eyeing REIT businessLISTED interactive gaming and content distribution firm IP E-Game Ventures Inc. on Friday said it was diversifying into the real estate sector via the establishment of a real estate investment trust (REIT).
Source: TheManilaTimes - 🏆 2. / 92 Read more »