, that will send 11 malls and two office towers to RCR in exchange for 4.99 billion shares of RCR at a valuation of 33.9 billion. The implied per-share price of RCR in this deal is P6.80/share, which is a 30.7% premium over RCR’s Friday closing price. Once complete, the transaction will make RCR the PSE’s largest mall REIT.
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The DITO board said that the purpose of the raise is to “infuse additional capital into its operating subsidiary, DITO... Lots of big stockholders’ meetings this week, but the first big piece of scheduled news will be the PSA’s Wednesday...A relentless months-long campaign by Chinese state media to depict the Philippines as the aggressor in the South China Sea...Apart from snatching airdropped supplies, the China Coast Guard or CCG also tried to stop the evacuation of a sick soldier...
The Commission on Elections over the weekend said that once internet voting for overseas Filipino workers next year proves to be successful, this voting system will also be adopted locally to benefit the country’s elderly population.According to state-media reports, the AFP monitored a training ship and an amphibious transport dock of the PLA Navy which passed through the Basilan Strait on Thursday.
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