C00080-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 776,465,281 |
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Subject of the Disclosure |
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House of Investments Diversifies with Financial and Property Services Expansion |
Background/Description of the Disclosure |
Yuchengco-led House of Investments (HI) diversifies its business horizons with its strategic move to expand into the financial services and property sectors. The diversification includes the Php15.7 billion share swap agreement and acquisition of a 184-ha property in Tarlac through a newly incorporated and wholly owned subsidiary, Tarlac Terra Ventures, Inc. This follows the reduction of its exposure in construction industry with EEI. This strategy is aimed at bolstering the conglomerate's portfolio and optimizing its organizational structure. |
Other Relevant Information |
Please see attached full press release. |
Name | Jose Genaro Layug |
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Designation | FP&A Manager |