Ayala Land expects recovery to start in second half

Leave a comment

LISTED property developer Ayala Land, Inc. is expecting to recover by the second half of the year and is preparing P100-billion worth of residential products in the pipeline.

“With the steady rollout of our ambitious national vaccination program, of which the Ayala Group and especially Ayala Land would play a critical role, I believe that we can start to show signs of recovery by the second half of this year,” Ayala Land Chairman Fernando Zobel de Ayala said at the virtual stockholders’ meeting on Wednesday morning.

SOURCE:

Ayala Land expects recovery to start in second half

Ayala Land sets P88-billion capex, to launch P100 billion worth of residential projects

Leave a comment

MANILA – Ayala Land said Wednesday it has set P88 billion in capital expenditures this year and will launch P100 billion worth of residential projects, as it seeks to bounce back from the impact of the COVID-19 pandemic. 

Recovery will be “led by our biggest businesses, mainly estate development and residential,” said Ayala Land president and CEO Bobby Dy during the company’s virtual annual stockholders’ meeting. 

SOURCE:

https://news.abs-cbn.com/business/04/21/21/ayala-land-p88-billion-capex-p100-billion-residential-projects

Ayala Land to issue over 609-M common shares for merger with subsidiaries

Leave a comment

AYALA Land, Inc. will issue 609,626,351 shares to the four subsidiary corporations merging with it in exchange for their net assets, one of the subsidiaries Cebu Holdings, Inc. disclosed to the exchange on Monday.

Of the total shares issued, 491,306,375 shares will be treated as treasury shares.

SOURCE: