C04361-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 2,795,821,381 |
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Subject of the Disclosure |
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MREIT signed with Megaworld an MoU for the potential acquisition of certain office assets |
Background/Description of the Disclosure |
On 31 May 2023, MREIT, Inc. and its Sponsor, Megaworld Corporation, signed a Memorandum of Understanding for the potential acquisition of seven office assets. Pursuant to the MoU, MREIT shall conduct a financial, legal, and technical due diligence on certain assets of Megaworld to assess whether they meet MREIT's investment criteria. The parties aim to finalize the list of assets to be included in the potential acquisition, and sign definitive agreements by the third quarter of 2023. |
Other Relevant Information |
Please refer to the attached Press Release. |
Name | Ma. Georgina Alvarez |
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Designation | Chief Legal Consultant |