MANILA, Philippines – Developer Megaworld Corp. will spend P3.4 billion to expand three of its townships across the country, banking on the strength of its provincial projects to drive growth.
In a regulatory filing on Monday, Megaworld said it would reinvest the proceeds raised from selling its shares in its real estate investment trust (REIT) into these expansion plans.
https://business.inquirer.net/552419/megaworld-allots-p-3-4b-to-expand-3-townships
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