GOTIANUN-LED property developer Filinvest Land Inc. (FLI) said Wednesday that its capped voluntary tender offer via share-swap with Filinvest REIT Corp. (FILRT) was oversubscribed 2.3 times amid strong market demand.
FLI said that the tender offer agent received applications for more than 4.2 billion FLI common shares, equivalent to 17.47 percent of FLI’s issued and outstanding stock.
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