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Economy
1 MIN READ
BRIEF-Ayala Land Approves Property-For-Share Swap With Ayala Corporation And Mermac
January 21, 2022
By Reuters
By Reuters
Jan 21 (Reuters) – Ayala Land Inc ALI.PS:
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APPROVED A PROPERTY-FOR-SHARE SWAP WITH AYALA CORPORATION (AC) AND MERMAC, INC. (MERMAC)
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UNDER TRANSACTION, AC AND MERMAC WILL TRANSFER ASSETS TO ALI IN EXCHANGE FOR ITS PRIMARY COMMON SHARES
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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