Cebu Landmasters Inc. (CLI), Metro Cebu’s number 1 local housing developer, has obtained the Securities and Exchange Commission’s clearance for its P3.8 billion initial public offering to support its expansion plans. CLI has filed its application with an offer price of up to P6.56 per common share, consisting of 505 million shares, with an over-allotment…
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Cebu Landmasters Inc. (CLI), the leading homegrown developer in Metro Cebu, intends to raise up to P3.8 billion from an initial public offering scheduled for May to fund land acquisition and development costs for its expansion plans to five key cities in Visayas and Mindanao. Part of the proceeds will also be used for debt repayment and working…
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