- | $SLI continues to expand its land bank with the planned acquisition of more than 100,000 sq.m. of land |
- | $SLI will be spending P20B over the next three years to support this expansion |
- | It has been ramping up projects to expand its residential and commercial properties |
| $SLI expanding nationwide |
Sta. Lucia Land, Inc. (SLI) continues to expand its land bank with the planned acquisition of more than 100,000 square meters (sq.m.) of land in provincial areas. The listed property developer said its board of directors has authorized the firm to acquire parcels of land spanning 74,490 sq.m. in Davao; 35,588 sq.m. in Zambales, 917 sq.m. in Rizal, and 450 sq.m. in Batangas.
SLI in August filed an application to conduct a follow-on offering worth up to P8.40 billion, in order to finance its capital spending. It will offer a total of up to three billion common shares, consisting of 2.7 billion primary offer shares and 300 million shares for the over-allotment option.
October 10, 2019 10:26 am