MREIT moves listing date to October 1No POGOs in Megaworld REIT portfolio In a regulatory filing on Wednesday, MREIT said it would be moving its listing date to October 1 from the previous date of September 30. MANILA, Philippines — MREIT Inc., the soon-to-list real estate investment trust (REIT) of Andrew Tan-led Megaworld Corp., has moved its listing date from Sept. 30 to Oct. 1. “The overwhelming demand from investors who subscribed to the MREIT shares in the initial public offering has affected the timely completion of the lodgment of the shares with the Philippine Depository Trust Corp.,” MREIT said. MREIT president and CEO Kevin Tan said the company is grateful for the introduction of REITs to the market. MREIT is offering up to 1.2 billion shares, proceeds of which will be used to expand the Tan Group’s office portfolio.

Source: Philippine Star September 29, 2021 15:56 UTC