Ayaland sell of Areit shares for Php 35.60 put pressure on the stock price
by Ayala Land, Inc. (ALI) raised PHP 2.67 billion through the sale of 75 million AREIT, Inc. shares in a block transaction, marking another step in the property giant’s capital recycling strategy. In a disclosure to the Philippine Stock Exchange, ALI said the shares were sold at PHP 35.60 apiece through a placement agreement with UBS AG Singapore Branch and BPI Capital Corporation.
