FLI: Investors to gain from tender offer

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The story "FLI: Investors to gain from tender offer" was covered 23 hours ago by Business Mirror, a news publisher based in Philippines.

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FLI: Investors to gain from tender offer - Business Mirror

Quick Summary:

Property developer Filinvest Land Inc.(FLI) said its board has approved a capped voluntary tender offer to purchase or reacquire up to 1.86 billion common shares, equivalent to approximately 7.69 percent ownership of the company’s outstanding and listed stock.

Rounding out the portfolio is 2.9 hectares of land leased to the owner and operator of Crimson Resort and Spa Boracay, bringing the REIT’s total gross leasable area to over 330,400 square meters.

With this offering, we intend to safeguard our investors from market volatility to allow them to maximize value from our shares.