Mass housing developer ProFriends Group Inc. has finalized the timetable for the planned P7.7-billion initial public offering, which is expected to be completed in January next year. The company, according to the latest prospectus filed with the Securities and Exchange Commission, set the book building period for the IPO from Dec. 1 to Dec. 12.Read more
Blog
MANILA, Philippines – Pro-Friends Group Inc. has bagged the Security and Exchange Commission’s approval to proceed with its P7.7-billion initial public offering (IPO). With the regulatory approval Pro-Friends is eyeing make its debut on the Philippine Stock Exchange on Jan. 14 next year. The affordable housing developer will be selling up to 385.750 million primaryRead more
PROPERTY developer Profriends Group Inc. said it will develop its existing land bank through 2034 as it plans to develop products to serve the lower-end segment of the market. Profriends, formerly Amicus Holdings Inc., said in a briefing that it will develop its 1,373.41-hectare land bank, mostly outside urban areas. “As such, our price perRead more
A New City rises in Mega Manila DEEPLY rooted in understanding the needs of the Filipino family, Pro-Friends has envisioned a one-of-a-kind township community that will enable families to bond with each other. Starting with its first phase in 2007, Lancaster has evolved into a master-planned community that spans more than 1,400 hectares, covering Kawit,Read more
Property firm Profriends eyes entry of 2 strategic investors during upcoming IPO MANILA – The maiden share sale of a mass housing developer has attracted strong interest from foreign investors, its underwriter said. In a briefing on Thursday, First Metro Investments Corp (FMIC) president Roberto Juanchito Dispo told reporters that Profriends Property Group Inc mayRead more
PROFRIENDS ATTRACTS CORNERSTONE INVESTORS FOR P7.7B IPO Quoting the public offering underwriters, news portal interaksyon.com today reported that mass housing developer Profriends Property Group Inc may take in one or two cornerstone investors for its planned P7.7b initial public offering. Profriends is looking to issue 385.75m shares at up to P20/sh to finance its requirementRead more
Take advantage of the Reservation Discounts in Lancaster New City and Bellefort Estates. Until October 30, 2014 only. Enjoy Dsicounts for the following House Models: Lancaster New City Briana – Php 10,000 Chessa – Php 10,000 Mabelle – Php 10,000 Adelle – Php 10,000 Alexandra – Php 10,000 Gabrielle – Php 10,000 Margaret – PhpRead more
GRAND OPEN HOUSE, CARMONA ESTATES FIESTA Date: Oct. 04, 2014 WHAT: Carmona Estates Fiesta TIME: 9 AM – 5 PM. WHERE: Carmona Estates Phase 9 Clubhouse – GRAND OPEN HOUSE – CARMONA ESTATES FIESTARead more
MANILA, Philippines – The tandem of infrastructure giant Metro Pacific Investments Corp. (MPIC) and conglomerate Ayala Corp. yesterday vowed to provide world-class mass transit system to Filipino commuters after signing the concession agreement for the P65-billion Light Rail Transit line 1 Cavite extension project. MPIC chairman Manuel V. Pangilinan said the Light Rail Manila ConsortiumRead more
MANILA, Philippines – Pro-Friends Group Inc. is looking to complete eight property projects over the next 10 years in hopes of slicing a portion of the expected six million nationwide housing backlog by 2030 through its affordable housing projects. Guillermo Choa, Pro-Friends chief executive officer, said the affordable housing developer currently has nine projects inRead more
