MANILA, Philippines – Developer Megaworld Corp. announced plans to invest PHP 3.4 billion to expand three of its townships across the country.
The company is banking on the strength of its provincial projects to drive growth in the coming years.
In a regulatory filing on Monday, Megaworld revealed that it would reinvest the proceeds raised from selling its shares in its real estate investment trust (REIT) into these expansions.
https://business.inquirer.net/552419/megaworld-allots-p-3-4b-to-expand-3-townships
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