Jan 21 (Reuters) – Ayala Land Inc ALI.PS:
APPROVED A PROPERTY-FOR-SHARE SWAP WITH AYALA CORPORATION (AC) AND MERMAC, INC. (MERMAC)
UNDER TRANSACTION, AC AND MERMAC WILL TRANSFER ASSETS TO ALI IN EXCHANGE FOR ITS PRIMARY COMMON SHARES
AC WILL SUBSCRIBE TO 309.6 MILLION PRIMARY COMMON SHARES FOR ASSETS VALUED AT 17.28 BILLION PESOS
Source text for Eikon: ID:nPSX459QgK
Further company coverage: ALI.PS
This article originally appeared on reuters.com
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