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                    [ArticleID] => 327841
                    [Title] => Empire East plans buyback of P1-B worth of shares
                    [Summary] => Empire East Land Holdings Inc., the low- to middle-income housing subsidiary of upscale real estate developer Megaworld Corp., will buy back up to P1-billion worth of its shares, the company told the Philippine Stock Exchange.


The buyback program is aimed at creating and enhancing shareholder value since current market prices of Empire East shares "do not reflect their true value," the firm explained.


It added that the buy-back program will be implemented over a two-year period.


                    [DatePublished] => 2006-03-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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NEW MANILA-SAN JUAN

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                    [ArticleID] => 327841
                    [Title] => Empire East plans buyback of P1-B worth of shares
                    [Summary] => Empire East Land Holdings Inc., the low- to middle-income housing subsidiary of upscale real estate developer Megaworld Corp., will buy back up to P1-billion worth of its shares, the company told the Philippine Stock Exchange.


The buyback program is aimed at creating and enhancing shareholder value since current market prices of Empire East shares "do not reflect their true value," the firm explained.


It added that the buy-back program will be implemented over a two-year period.


                    [DatePublished] => 2006-03-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Empire East plans buyback of P1-B worth of shares

By Zinnia B. Dela Peña | March 24, 2006 - 12:00am

Empire East Land Holdings Inc., the low- to middle-income housing subsidiary of upscale real estate developer Megaworld Corp., will buy back up to P1-billion worth of its shares, the company told the Philippine Stock...

Business