Cityland Development Corporation
Piso na lang pala ito. Malapit na sa 0.97 (52-week low). Kakaiba yung pila kanina. Sa 1 (Bid) 9,225,000 at sa 1.04 (Ask) 24,000. Langya. Ahihihi
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”

...tatlong taon bago magkaroon ng post?!!! Big Grin Big Grin Big Grin

Cityland to raise P1.4B via commercial papers

CITYLAND Development Corp. (CDC) looks to raise P1.4 billion through the issuance of commercial papers to finance its capital requirements.

In a disclosure to the stock exchange on Wednesday, the property developer said its board of directors has approved the filing of an application with the Securities and Exchange Commission for the issuance.

In a separate disclosure, its subsidiary City & Land Developers, Inc. said it will also be issuing P350 million worth of commercial papers. The company’s board of directors approved the filing of an application at the SEC for the offering.

Incorporated in 1978, CDC’s core business is to acquire and develop land for residential, office, commercial, institutional, and industrial uses. The company has medium to high-rise office buildings, commercial, and residential condominiums in Makati, Mandaluyong, Manila, and Pasig. This includes Pines Peak Towers, Grand Central Residences, and Makati Executive Towers, among others.

It also has residential subdivisions and farm lots located in Bulacan and Cavite.

The company’s market capitalization stood at P3.98 billion at the end of Wednesday’s trading.



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