Arthaland board approves preferred share offer

Reuters

Posted at Sep 15 2016 11:44 AM

MANILA - Arthaland Corp. said Thursday its board of directors has approved the offer, sale and distribution of up to 30 million preferred shares from its unissued authorized capital stock.

The transaction will be made through a follow-on public offering with an offer price of P100 per share, the developer told the stock exchange.

Arthaland shares were up 5.45 percent to P0.29 at noon on Thursday. -- with ABS-CBN News