News Formal

PSE incorporates realty company with P1B capitalization

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 13 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 94%

Philippine Stock Exchange News

Pse

The Philippine Stock Exchange said that the SEC approved the PSE’s incorporation of a wholly-owned realty company, PSE Realty Inc., with an initial capitalization of P1 billion and the power to own and manage real property of all kinds.

, with an initial capitalization of P1 billion and the power to own and manage real property of all kinds. The PSE didn’t provide any additional information about its move or intentions. The PSE owns condominium units at Exchange Plaza in Makati City valued at P994 million based on a January 2024 appraisal report.On the surface, this is basically a nothingburger, because its trivially easy for a corporation to incorporate a subsidiary.

Hann Resorts is rumored to be exploring a possible IPO of its casino resort business. HANN is owned by Hann Philippines...Jollibee recently released a statement to say that it has initiated “response protocols” to deal with a data leak...

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

[ANALYSIS] The West Philippine Sea dispute and the stock market’s performanceLooking at this week’s unfolding trading results, however, it looks like the unfortunate incident in the Ayungin Shoal did not leave any permanent negative impact
Source: rapplerdotcom - 🏆 4. / 86 Read more »