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PSE incorporates realty company with P1B capitalization

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Philippine Stock Exchange News

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...

 

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