Arthaland completes P2.5-B fundraising, new residential dev’t coming

Upscale property developer Arthaland Corp. has raised P2.5 billion from its follow-on offering of preferred shares to fund the development of a new residential project in Metro Manila. The Po family-led real estate firm on Thursday listed the shares, which carry an initial dividend rate of 7.326 percent per annum, on the Philippine Stock Exchange.
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