VistaREIT [VREIT pre-SEC] [link] clarified that any infusion of the Worldwide Corporate Center building in Mandaluyong would happen after the VREIT IPO, not before. VREIT didn’t provide a timeline, though, so it’s not clear if this will be one of those “next day” type infusions like we saw with AREIT [AREIT 44.30 0.68%], or one that is planned later in the year.
Aboitiz Power [AP 35.50 1.28%] [link] FY21 net income up 66% to P20.8 billion, on a nearly 4x increase in earnings from joint ventures, higher water flows at its hydro plants, and commissioning revenue from its coal-fired power plant in Bataan. This company is going to be in the right place at the right time for years to come; it all comes down to execution and resource (capital, manpower) optimization.
Raslag [ASLAG pre-PSE] [link] has completed SEC requirements in preparation for a June 6 IPO. In a media briefing, ASLAG’s owner mentioned that the company was going public to comply with the Electric Power Industry Reform Act, and that it plans to maintain its 30-50% dividend as part of the selling pitch to eventual IPO investors.
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