Philippine Digest: Kombi Land sells 19.68% stake to Baesa, PAL denies re-IPO report

Philippine Digest: Kombi Land sells 19.68% stake to Baesa, PAL denies re-IPO report

PAL Airbus A320 (visual from Philippine Airlines' Facebook page).

A subsidiary of Philippine-listed PTFC Redevelopment Corporation is paying $1.2 million for an almost 20 per cent stake in Kombi Land, while PAL Holdings said it has no plans of conducting a re-IPO.

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