Arthaland Corporation to Invest P1.7 Billion Into Subsidiary Pradhana Land, Inc.

The Board of Directors of Arthaland Corporation has approved the acquisition of 17,000,000 preferred shares of Pradhana from its unissued authorized capital stock at a subscription price of P100.00 per share.

This is the investment vehicle that will be used by the corporation for its future project, the details of which will be disclosed at the appropriate time according to the report submitted at the PSE Edge.

​The terms and conditions of the transaction:

Number of shares to be acquired or disposed: 17,000,000
Percentage to the total outstanding shares of the company subject of the transaction: 68%
Price per share: P100.00
Nature and amount of consideration given or received: P1,700,000,000.00 to be paid in cash

Pradhana's preferred shares have a par value of P1.00 per share.

Pradhana Land, Inc. is a wholly-owned subsidiary of the Arthaland Corporation which was incorporated on 09 September 2019 with the primary purpose of engaging in the real estate development business.

Arthaland Corporation is the only real estate developer in the Philippines with a residential and commercial portfolio 100% certified as sustainable by local and global organizations. It has made its mark in the Philippine real estate industry by pioneering the development and management of exceptional best-in-class properties that adhere to international and local standards.