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ALCO raises P2 billion from sale of Series B preferred shares

Arthaland Corporation (ALCO) held a bell ringing ceremony at the Philippine Stock Exchange (PSE) on Tuesday after raising P2 billion in proceeds from the issuance of its Series B Preferred Shares.  

“The offering was well-received by qualified institutional investors as well the general public. The success of the offering further affirms ALCO’s strong and enduring presence in the realty development industry,” PSE Chairman Jose T. Pardo said in his welcome remarks.

“We laud ALCO for building its track record as a pioneer in developing world class, green projects with its flagship projects, the Arya Residences and ArthaLand Century Pacific Tower in Bonifacio Global City,” Mr. Pardo added.

Shown in the photo (L-R): BDO Capital and Investment Corp. President Eduardo V. Francisco; Arthaland Corporation Director Christopher Paulus Nicolas T. Po; Arthaland Corporation Vice Chairman Ricardo Gabriel T. Po, Jr.; Arthaland Corporation President and CEO Angela de Villa-Lacson; Arthaland Corporation Director Enrique Y. Gonzalez; Arthaland Corporation Treasurer Leonardo Arthur T. Po; PSE Chairman Jose T. Pardo; PSE President and CEO Hans B. Sicat; PSE Chief Operating Officer Roel A. Refran and PSE Director Alejandro T. Yu.

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