INQUIRER.net: Century Properties raises $40M through share sale

INQUIRER.net Philippine News for Filipinos

Century Properties raises $40M through share sale Mar 6th 2013, 06:28 MANILA, Philippines—Century Properties Group (CPG) has raised $40 million from a warmly received overnight equity deal, proceeds from which will be used to fund expansion and landbanking activities, the company announced Wednesday.   CPG sold 800 million shares at a price of P2.05 per share through a top-up offering that was completed Wednesday night.   The order book was oversubscribed by 2.4 times the offer size.  Macquarie Capital (Singapore) Pte Ltd. and Standard Chartered Securities (Singapore) Pte. Ltd. arranged the equity deal.   Under the top-up placement deal, controlling shareholder Century Properties Inc. sold the 800 million common shares t... Keep on reading: Century Properties raises $40M through share sale Media files: Century-properties-.jpg (image/jpeg)

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