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AREIT’s shareholders ratify P28.6-B land deal

By Inquirer - 9 months ago
MANILA, Philippines  —AREIT Inc. is poised to complete soon its biggest property deal to date as shareholders ratified on Monday a plan to issue shares in exchange for commercial buildings and industrial land worth about P28.6 billion. AREIT, the real estate investment trust arm of Ayala Land Inc., said the majority of its stockholders approved

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