Megaworld dumped ~80-M shares of MREIT in block sale

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Megaworld disclosed that it sold 79.7 million shares of its REIT subsidiary, MREIT, in a private placement deal that raised P980 million for Andrew Tan’s real estate development company.

real estate development company. The average price of the transaction was P12.30/share, which represented a 2% discount to MREIT’s market price. The sale pushed another 1.5% of MREIT’s outstanding shares into the public float, which increased to 42.98%. The minimum public float for REITs is 33.33%, giving MREIT approximately P3.38 billion in share-swap value that it can spend on acquisitions before needing to use debt or increase its public float.

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There are no other power generation companies with a dedicated REIT recycler Challenge Cup for Men kahapon sa Isa Town, Bahrain.ay tsansa pa ang Kings’ Montessori School sa asam na makasampa sa knockout rounds matapos patalsikin ang University of Perpetual Help, 25-17, 25-14, sa Pool C ng 2024 Shakey’s Girls Volleyball Invitational League , kahapon na nilaro sa Paco Arena, Manila.

 

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