Property

Arthaland readies equity sale

Arthaland readies equity sale

Niche property developer Arthaland Corp. of the Po family is preparing to tap the equities market to bankroll its planned mixed-use estate.

Niche property developer Arthaland Corp. of the Po family is preparing to tap the equities market to bankroll its planned mixed-use estate.

In a regulatory filing, Arthaland said its board approved the public offering of up to 10 million Series C preferred shares to partly fund its large-scale projects.

The mixed-use development involves.the construction of up to 12 residential buildings and about 100 townhouses.

Arthaland just completed the construction of a 340-bed dormitory in the area.

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