Italpinas Development Corporation (IDC) Chairman and CEO, Architect Romolo Nati shed light on the importance of green buildings in emerging cities in the Philippines during his talk at the Township Development Conference, held at the Dusit Thani Hotel, Manila, on April 26-27, 2017.
Held annually and now on its fifth year, the Township Development Conference was established to bring together property developers, urban planners, designers and executives from different countries to discuss issues relevant to township planning such as sustainability and waste management, to name a few.
MANILA, Philippines - Listed greenbuilder Italpinas Development Corp. (IDC) is eyeing a preferred share offering this year to raise funds for future landbanking initiatives.
In a briefing Tuesday, IDC chairman and CEO Romolo Valentino Nati said the preferred share issuance would likely take place between June and August this year.
IDC’s board of directors has approved the reclassification of up to 100 million unissued common shares to preferred shares.
Green building developer Italpinas Development Corp. plans to issue preferred shares that can raise up to P1 billion in proceeds to finance landbanking activities and pay debt.
Italpinas chairman and chief executive Romolo Nati said in a news briefing the company aimed to issue the preferred shares between June and August this year.
Provincial green developer Italpinas Development Corporation (IDC) is planning to issue preferred shares to raise “below P1 billion” to fund its land acquisition activities and working capital requirements.
In its disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the reclassification of up to 100 million unissued common shares to preferred shares.