Alliance Global pours P2.61B into Megaworld

MANILA, Philippines — Andrew Tan-led Alliance Global Group Inc. (AGI) is injecting P2.61 billion into subsidiary Megaworld Corp. to fund the latter’s expansion plans that include development of townships and residential projects. In a disclosure on Thursday, AGI announced that its board of directors had approved the subscription of 1.38 billion common shares of Megaworld
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