PLDT Eyes $397 Million REIT IPO in Boost for Philippine Market


PLDT said VITRO Inc. has submitted a registration statement for its planned real estate investment trust listing, offering up to 2.2 billion secondary common shares, including an over-allotment option. The shares, to be sold at as much as 11 pesos apiece, comprise 48.95% of the firm’s outstanding stock, PLDT said in a statement to the stock exchange.



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