Philippines' SEC okays Megaworld, Robinsons REIT offerings

The Philippines’ Securities and Exchange Commission said on Wednesday it has cleared the way for the initial public offerings of the real estate investment trust (REIT) units of Megaworld Corp and Robinsons Land Corp.

Megaworld‘s MREIT Inc is seeking to raise up to 27.3 billion pesos ($548.4 million), while Robinsons‘ RL Commercial REIT plans to offer shares worth up to 26.7 billion pesos, in IPOs set to be launched later this month.

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