The Philippine Securities and Exchange Commission cleared Arthaland Corporation’s offering of up to four million preferred shares, with an oversubscription option for two million additional shares, subject to compliance with remaining requirements. The shares will be offered at PHP 500 each, allowing the company to raise up to PHP 3 billion. Arthaland expects net proceeds of about PHP 2.96 billion if the oversubscription option is fully exercised. It plans to use the funds to complete a property project, partially finance the redemption of outstanding Series D preferred shares and support general corporate purposes. Under the latest timeline, the offer will run from Sept. 14 to 18, with issuance and listing on the Philippine Stock Exchange’s Main Board scheduled for Sept. 25.
2026-08-12Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission clears Arthaland preferred share offer of up to PHP 3 billion
The Philippine Securities and Exchange Commission cleared Arthaland’s preferred share offering of up to PHP 3 billion, subject to remaining requirements. The company expects net proceeds of about PHP 2.96 billion to fund a property project, partially redeem Series D preferred shares and support general corporate purposes.