PSE welcomes green developer
ArthaLand recently issued P1-billion worth of preferred shares at the Philippine Stock Exchange (PSE) to finance the development of the company’s real estate projects, and for general corporate purposes. The offer consisted of 10 million preferred shares at P100 per share, and was oversubscribed two times. “The strong response from investors shows there is a growing demand for green developments,” said Leo Arthur T. Po, executive vice president and treasurer of ArthaLand. At the bell-ringing ceremony were (from left to right): Eduardo V. Francisco, president of BDO Capital & Investment Corporation; Jaime Enrique Y. Gonzàlez, board director of ArthaLand; Leonardo Arthur T. Po, executive vice president and treasurer of ArthaLand; Jaime C. Gonzàlez, vice Chairman and president & CEO of ArthaLand; PSE chairman Jose T. Pardo; PSE president & CEO Ramon S. Monzon; PSE director Roberto Cecilio O. Lim; PSE chief operating officer Roel A. Refran; and PSE director Alejandro T. Yu.