Prime Orion Philippines: Ayala Land : ALI completes takeover of Tutuban Center

(4-traders.com) MANILA, Philippines - Ayala Land Inc. has sealed a deal to acquire a majority interest in Prime Orion Philippines Inc. (POPI), the owner and developer of the iconic Tutuban Center in Divisoria, Manila Under the agreement, ALI subscribed to 2.5 billion common shares for P2.25 each or a total of P5.625 billion. The shares represent 51.06 percent of...http://www.4-traders.com/AYALA-LAND-INC-6491970/news/Ayala-Land-ALI-completes-takeover-of-Tutuban-Center-21924457/