Thursday 17 October
Oct 4, 2019 @ 20:48

Century Properties prepares P3B preferred share offering

 

Antonio-led Century Properties Group plans to raise up to P3 billion from the sale of preferred shares.

In a regulatory filing, CPG said its board approved the issuance of 20 million preferred A shares with an oversubscription option of up to 10 million shares at an offer price of ₱100.00 each.

The shares will be listed on the main board of the Philippine Stock Exchange.

Proceeds will be used to partly fund the construction of the company’s affordable housing and townhouse projects.

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