Philippines: Golden Haven acquires mass housing developer Bria Homes for $65 million

Visual from company website.

Philippine-listed memorial park developer Golden Haven Memorial Park has acquired real estate developer Bria Homes, Inc from Cambridge Group Incorporated for P3.14 billion ($64.9 million).

In a disclosure to the Philippine Stock Exchange, Golden Haven said its board approved the acquisition of all issued and outstanding capital stock of Bria Homes, an emerging player in the mass housing market in the Philippines, comprising 99,430 shares for P3.014 billion, at a purchase price of P301.42 apiece.

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