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Ayala Land cuts AREIT stake to calm dilution worries

By Inquirer - 10 months ago
MANILA, Philippines  —Ayala Land Inc. is shaving off a chunk of its stake in AREIT Inc. to ensure the real estate investment trust (REIT) arm remains compliant with public ownership requirements ahead of the group’s largest infusion malls and industrial land worth over P28 billion. Ayala Land and subsidiaries raised P5.63 billion from the sale

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