Ovialand targets market debut in June - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Ovialand, Inc. said it is targeting to have its stock market debut in June, with an offer size of P1.5 billion or 30% equity for its initial public offering (IPO). READ:

“We intend to submit all our filings by March, and hopefully we see a June listing,” Ovialand President and Chief Executive Officer Pammy O. Vital said in a virtual round table.Around 40% to 50% of the capital raised will be used for the acquisition of new land, while 10% will be for general corporate use.“We were able to segment our market position with P2 [million] to P4 million house and lot packages in a mass housing lot model, which is not very visible in the industry right now,” Ms.

“We want to contribute to closing the gap in the housing backlog to help Filipinos achieve their dreams of home ownership,” she added. Ovialand has four ongoing developments in Southern Luzon, including those in San Pablo, Laguna and Candelaria, Quezon. The three developments in Laguna are Savana, Sannera, and Santevi; while Quezon has Caliya, with packages ranging from P1.8 million to P3.2 million. —

 

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:

 /  🏆 9. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

BoI, DENR tap software company to spur dev’t of cold chain industry - BusinessWorld OnlineTHE Board of Investments (BoI) and the Department of Environment and Natural Resources - Environmental Management Bureau (DENR-EMB) signed a memorandum of understanding with Insight Supply Chain Solutions Corp. (InsightSCS Corp.) to develop solutions that will support the development of an integrated supply chain in the Philippines.
Source: bworldph - 🏆 9. / 68 Read more »