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.
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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
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