Thai Supalai sells Philippines office asset to unit of HK private equity firm

Thai Supalai sells Philippines office asset to unit of HK private equity firm

Photo: Pixabay

Supalai Plc, a Thai listed property developer, has sold its 40 per cent stake in Petron Megaplaza, a Grade A office building in the Philippines, to Sky Megaplaza Properties Inc for 1.62 billion pesos ($31 million), according to the Philippine Competition Commission’s announcement.

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