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What Is the Most Successful Franchise in the Philippines? 1. Jollibee (JFC) It is the largest fast-food chain in the Philippines and one of the fastest-growing Asian restaurant chains in the world with over 1,400 stores worldwide. Jollibee is a well-known fast food chain in the Philippines that specializes in burgers, fried chicken, and various Filipino dishes. It has gained immense popularity among Filipinos of all ages and has become a symbol of Filipino culture and pride. With its catchy jingle, friendly bee mascot, and delicious menu offerings, Jollibee has captured the hearts of millions. Founded: January 28, 1978 / Headquarters: Pasig City, Philippines 2. Mang Inasal / Edgar Sia II ( Acq'd by JFC, 2010, 70%; 2016, 30% ) It is a popular fast-food chain known for its grilled chicken and rice meals. It has over 500 branches in the Philippines and has expanded to other countries like the USA, Qatar, and Kuwait. Mang Inasal is a popular fast-food chain in the Philippines, specializing in serving traditional Filipino grilled chicken. It started as a small restaurant in Iloilo City in 2003 and quickly gained nationwide popularity. Mang Inasal is known for its unique dining experience, where customers are encouraged to eat with their bare hands using banana leaves as plates. ( Reasonable Prices: Mang Inasal offers affordable meals, making it accessible to a wide range of customers.) 3. Greenwich Pizza / Cresida Tueres ( 80%, JFC, 1994 ) It is a pizza and pasta chain that has been operating in the Philippines for over 40 years. It has more than 300 stores nationwide and is known for its affordable prices and delicious food. Greenwich Pizza is a popular pizza franchise in the Philippines known for its distinct taste and unique flavor combinations. It was created by businessman Cresida Tueres in 1971 and has since become one of the most successful pizza chains in the country 4. Chowking (acq'd by JFC, 2020) It is a Chinese fast-food chain that serves a variety of dishes such as noodles, dim sum, and rice meals. It has more than 600 stores in the Philippines and has expanded to other countries like the USA, UAE, and Qatar. 5. Goldilocks (74% owned by SM Retail ) It is a popular bakeshop chain that offers a wide range of cakes, pastries, and Filipino delicacies. It has over 400 stores in the Philippines and has expanded to other countries like the USA, Canada, and Singapore. 6. Max's Restaurant / Maximo Gimenez (MAXS) It is a Filipino restaurant chain that is best known for its fried chicken and Filipino-style dishes. It has more than 200 stores in the Philippines and has expanded to other countries like the USA, Canada, and Qatar. 7. Shakey's Pizza (PIZZA, and Po family) It is a pizza chain that has been operating in the Philippines for over 40 years. It is known for its thin-crust pizza, chicken, and mojos. It has more than 200 stores nationwide and has expanded to other countries like the USA, Kuwait, and Saudi Arabia. 8. 7-Eleven (Japan: JP:3382 ) It is a convenience store chain that has over 2,800 stores in the Philippines. It offers a wide range of products such as snacks, drinks, and groceries. 9. Ministop (Now "Uncle Johns", acq'd by Robinsons, 2022) It is a convenience store chain that has over 2,000 stores in the Philippines. It offers a wide range of products such as snacks, drinks, and groceries. It is known for its fried chicken and other food items. 10. Dunkin' Donuts / William Rosenberg (Prieto family + Pernod Ricard ) It is a popular donut and coffee chain that has been operating in the Philippines for over 30 years. It has over 1,400 stores nationwide and is known for its delicious donuts and coffee. > source:

AGI to-MEG: AGI (9.69) /MEG (1.80)= 5.38x; AGI-to-JFC (232)= 4.18%. MReit: 13.06, 135%, at 4.24 3.17.24: AGI (9.80) / MEG (1.92)= 5.10x; AGI-to-JFC (264)= 3.71%. MReit: 13.50, 138%

AGI: >2000; '20: 10d: 9.69 / B:28.27 =34.3%, PER: 5.115, EPS: 1.89, Div: 0.150, Yield: 1.55% AGI: >2000; ==

PHL Convenience Stores etc. (JP:3382 owns Seven-Eleven) MM-ALLDY : 2021: '23: MM:0.83, ALLDY: 0.130, MAXS: 3.05, MRSGI: 1.23, JP:3382: 2,046 x ===

WTA - 2wts + $5.50, and the "Acceleration clause" Comment by tobinator01on Apr 19, 2024 4:33pm 88 Views / Post# 35998857 The terms are 2 Warrants plus C$5.50 = 1 share. When I calculate fair value using the Black-Scholes model, I divide the value by 2 to get a number per warrant. For example, Aris.TO closed today at C$5.38. The A-warrants expire July 29, 2025 that is 15.3 months from now. I could use the volatility of 50% ++ but I use a conservative value of 40%. The risk free interest rate is 5.25% and strike price is 5.50. The Call Value = 1.06, therefore the fair value per warrant is 0.53. Today's value is entirely time premium as the stock is not above the strike price of 5.50. There is an acceleration clause of the A series warrants. If the stock trades above 5.50 for 20 consecutive days, Aris management can issue an Acceleration Notice. Once the notice is given, the warrants exercise date is 30 days after the notice. The A series warrants were issued in 2020 when Aris was just a pup. I believe the Acceleration Clause was applied to the warrants as the Company had big dreams and very little capital. I believe Aris will not issue an Accleration Notice as cash is not needed for their planned processing upgrade at Segovia ($15 million) and the underground operations at Marmato. Quite frankly at $2400 Gold, they have tremendous cash flow right now.

Golden Surprise at ARIS Mining Unheard of $11 million Segovia plant expansion could yield 100,000 ounces of additional gold production, $80+ million in annual EBITDA, from early 2025 : TOMMY HUMPHREYS Imagine turning $11 million into $80+ million annually for several years starting in just ~15 months. That's the power of the Maria Dama gold plant expansion at Segovia (pictured), announced today by ARIS Mining (TSX:ARIS, NYSE:ARMN), set for completion by early 2025. This unexpected news is one of the biggest no-brainers I’ve seen in the gold space. This is from a conservative management team with a track record of delivering. The Segovia plant expansion is on top of the $300+ million annual EBITDA ARIS expects from 2026 onwards. Currently, the company’s market cap is just $398 million (all figures US Dollars), and ARIS is fully funded to achieve its goals. Last year, the Maria Dama plant increased its capacity from 1,500 to 2,000 tonnes per day (tpd) successfully. The plan will boost the plant's processing to 3,000 tpd using an idle ball mill, increasing gold recovery and reducing costs. Shareholders will find this a pleasant surprise. I've spoken with ARIS management. They said nothing about a ball mill, bought but not used, waiting, its potential for production and recoveries untold. The result will grow annual gold production at Segovia from 200,000 to 300,000 ounces, potentially taking ARIS's total production in Colombia beyond 500,000 ounces from 2026. Additionally, Segovia's gold reserves have risen by 75% to 1.3 million ounces with a reserve-only mine life of 7 years at current operating levels (excluding today’s expansion). But with its 150-year history and exploration potential, Segovia’s future looks promising. The site has over 3.6 million ounces in measured and indicated resources already with drills turning. The expansion could add $80+ million to annual EBITDA (YTD AISC of $1,139/oz: Nov ‘23 Presentation) at $2,000/oz gold, on top of the $156.1 million generated at Segovia in the past 12 months. Even though the stock went up 13% last week, breaking out of a technical resistance level at $3.60, the expansion of the Segovia plant suggests that ARIS might be a better investment now than ever before. Five large-scale projects including Segovia have the potential to transform ARIS into a leading mid-tier gold producer. They're building the 8.6 million ounce (M&I+Inferred) Marmato Lower Mine, where first gold is expected in late 2025 with a ~20+ year mine life. The company owns a 20% stake (with an option to buy another 30%) in Soto Norte, a potential 450,000/oz/yr producer at all in sustaining costs below $500/oz. ARIS owns a 6.6 million ounce (M&I+Inferred) gold-copper project in British Guyana and a potential multimillion ounce exploration asset in Canada as well. Financially solid, ARIS has $210.8 million in cash, $122 million in available project funding, and debt of $373.3 million on favourable terms (majority at 6.8% due in 2026). Today’s announcement is just one example of ARIS's levers to grow shareholder value. To me, ARIS Mining (TSX:ARIS, NYSE:ARMN) is the top gold investment right now. > https://stockhouse.com/companies/bullboard/t.aris/aris-mining-corp?threadid=35999282

Looking at Bitdeer BTDR: $6.71 +0.06 / RIOT: 11.85 +0.61, X%, MARA: 19.44 +1.89, X% R. BTDR: $6.71 About Bitdeer Technologies Group Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

EW - etc: UBP-etc: 41.00 / BV: 58.95 =69.6%. PER: 13.40 E-Y: 3.06, Div: 0.80, D-Y: 1.95% =TABLE, Bank Metrics Sym: Last : BkVal: %-BV : PER : EPS : Div.: Yield : BDO: 143.6: 96.75: 148.%: 10.10: 13.82 3.00, 2.09% BPI : 125.0: 72.23: 173.%: 11.71: 10.45 3.36, 2.69% CHIB 38.15: 55.80: 68.4% 4.665: 8.20, 2.20, 5.77% EW: P9.11: 29.86: 30.5%: 3.370: 2.70, 0.54, 5.93% MBT: 70.00: 79.33: 88.2%: 7.451: 9.39, 5.21, 7.45% PNB: 19.36 122.98: 15.7%: 1.644: 11.78, 0.00, N/A : RCB: 22.85: 56.86: 40.2%: 4.131: 5.07, 1.01, 4.44% UBP: 41.00: 58.95: 69.6%: 13.40: 3.06, 0.80, 1.95% ====

AEV: Aboitiz Equity Ventures: 39.00 / BV: 48.39 =80.6%. PER: 9.316 E-Y: 4.19, Div: 1.40, D-Y: 3.59% AEV-etc : 2018: xx: P39.00 . AP: 35.70, 91.5%, UBP: 41.00, 105.1% AP : 35.70 / BV: 25.00 =143.%. PER: 7.897 E-Y: 4.52, Div: 2.29, D-Y: 6.44% UBP: 41.00 / BV: 58.95 =69.6%. PER: 13.40 E-Y: 3.06, Div: 0.80, D-Y: 1.95% =TABLE, Bank Metrics Sym: Last : BkVal: %-BV : PER : EPS : Div.: Yield : BDO: 143.6: 96.75: 148.%: 10.10: 13.82 3.00, 2.09% BPI : 125.0: 72.23: 173.%: 11.71: 10.45 3.36, 2.69% CHIB 38.15: 55.80: 68.4% 4.665: 8.20, 2.20, 5.77% EW: P9.11: 29.86: 30.5%: 3.370: 2.70, 0.54, 5.93% MBT: 70.00: 79.33: 88.2%: 7.451: 9.39, 5.21, 7.45% PNB: 19.36 122.98: 15.7%: 1.644: 11.78, 0.00, N/A : RCB: 22.85: 56.86: 40.2%: 4.131: 5.07, 1.01, 4.44% UBP: 41.00: 58.95: 69.6%: 13.40: 3.06, 0.80, 1.95% ====

JOB LOSSES & Alignment Danger, Discussed at 1:38 Hours in... The 3 Year AI Reset: How To Get Ahead While Others Lose Their Jobs (Prepare Now) | Emad Mostaque "the only thing we have to think about is alignment" The AI machines, and "Machines of Love and Grace" - SCARY!

Our AI FUTURE, could be a Dystopia + We will have access to almost free resources: Food, Housing, Healthcare. But the standard quality will be low. Only the tiny number of super-rich people will have access to an upper tier of high quality resources. + The rich will be protected by extensive security, and tend to live in protected enclaves, venturing out among the "masses" only with bodyguards, or in disguise + People will have little or no ability to complain, and the emphasis will be on protecting government owned Providers of Resources, rather than Consumers + All elections will be rigged, with massive propaganda and online messading leading into the elections, and complex machine algorhythms that will insure the pre-Selected candidates usually win. Iit will be taboo to challenge any winning candidate that has the support of the all-powerful state + Equal justice will be non-existent. Those with protectors in Elite classes, or supporting the "correct" political views will be able to break many laws, and go unpunished. While those with the "wrong" politics might be set up, or indicted for crimes they did not commit. This sad reality will go under reported in the Mainstream news. + A rising number of people will be engaged, and sometimes given financial rewards, for reporting the misdeeds, and hate speech of their neighbors and work colleagues. === An Expert interviewed on AI's future "Life Will Get Weird The Next 5 Years!"- Build Wealth While Others Lose Their Jobs | Peter Diamandis ===

BTC-Futs / Value (0.111 etc +$190)= $929 / $66.5k= 0.01396 BTC eqv. BITO, Last $29.03 +0.93. Support level at $26 looks important In this Bitcoin Halving special episode powered by Bitdeer Technologies Group (NASDAQ: BTDR), we host a roundtable with five leaders from public mining companies Bitdeer, Marathon, CleanSpark, TeraWulf and Cipher Mining. > Mining the Future: A Bitcoin Halving Roundtable with Public Mining Company Titans/ ===

BEATING the PSEI using an investment in IFN, the Indian Fund, as a proxy for PSEI. IFN is denominated in USD and pays a Quarterly dividend of approximately 10% per annum IFN-vs-PSEI: 10d: IFN (17.55) / PSEI (6,450)= r-0.27% of PSEI. And 0.74% of Gold Oz. / disc to NAV Table: Historical Ratios YrEnd PSEI : IFN : Disc: PSEI: Ratio: TLT : Gold : IF/Au 2015: 6984: 22.74: 0.33% 6984: .33% 120.60: 1069: 2.13% 2016: 6841: 21.39: 0.31%: 6841: .31% 119.10: 1146: 1.87% 2017: 8558: 26.12: 0.31%: 8558: .31% 126.90: 1291: 2.02% 2018: 7466: 20.24: 0.27%: 7466: .27% 121.50: 1486: 1.36% 2019: 7815: 20.13: 0.26%: 7815: .26% 135.50: 1520: 1.32% 2020: 7140: 19.96: 0.28%: 7140: .28% 157.70: 1877: 1.06% 2021: 7335: 21.10: 0.29%: 7335: .29% 148.20: 1828: 1.15% 2022: 6556: 14.81: 0.23%: 6556: .23% $99.56 1824: 0.81% 2023: 6450: 18.82 0.28%: 6450: .29% $98.88 2063: 0.91% Ave.: 7238: 20.59 0.28% 7238: .28% 125.33 1567: 1.41% /4.17> 6450: 17.55: 0.27%: 6450: .27% $89.28 2360: 0.74% IFN to Gold: Cheapest yet at 0.74% of Gold Oz ==== IFN-vs-PSEI: 2019: Source: CEF Connect Called: "The Only Investment You Need for the Next 30 Years? " Per: David Skarica, at AddictToProfits > Source: https://addictedtoprofits.net/the-only-investment-you-need-for-the-next-30-years-the-result-will-surprise-you-scotday-april-17th-2024/

The India Fund, Inc. Announces Rights Offering Apr 8, 2024 — Shares of closed-end funds may trade above (a premium) or below (a discount) the NAV of the fund's portfolio. The Fund will distribute to Common Stockholders of record as of the record date ("Record Date Stockholders"), which is currently anticipated to be April 18, 2024 (the "Record Date"), one Right for each share of Common Stock held on the Record Date. Record Date Stockholders will be entitled to purchase one new share of Common Stock for every three Rights held (1 for 3); however, any Common Stockholder who owns fewer than three shares of Common Stock as of the Record Date will be entitled to subscribe for one share of Common Stock. Fractional shares of Common Stock will not be issued. The proposed subscription period is currently anticipated to commence on the Record Date and expire on May 14, 2024, unless extended by the Fund (the "Expiration Date"). The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange (the "NYSE") under the symbol "IFN RT" during the course of the Offer. Rights may be exercised at any time during the subscription period. The subscription price per share of Common Stock (the "Subscription Price") will be determined on the Expiration Date and will be based upon a formula equal to 92.5% of the average of the last reported sales price of a share of Common Stock on the NYSE on the Expiration Date and each of the four (4) immediately preceding trading days (the "Formula Price"). If, however, the Formula Price is less than 93% of the Fund's net asset value ("NAV") per share of Common Stock at the close of trading on the NYSE on the Expiration Date, the Subscription Price will be 93% of the Fund's NAV per share Read more at: https://www.charlotteobserver.com/press-releases/article287477145.html#storylink=cpy

DISCOUNT... IFN vs Sensex IFN Discount or Premium to NAV:-3.29% for April 19, 2024 / Longer Term Recent Disc. > https://ycharts.com/companies/IFN/discount_or_premium_to_nav

"India vs PSEI" : IFN / INDIA & other Country Funds IFN-vs-PSEI: 10d: IFN (17.55) / PSEI (6,450)= r-0.27% of PSEI. And 0.74% of Gold Oz. / disc to NAV Table: Historical Ratios YrEnd PSEI : IFN : Disc: PSEI :Ratio: TLT : Gold : IF/Au 2015: 6984: 22.74: 0.33%: 6984: .33% 120.60: 1069: 2.13% 2016: 6841: 21.39: 0.31%: 6841: .31% 119.10: 1146: 1.87% 2017: 8558: 26.12: 0.31%: 8558: .31% 126.90: 1291: 2.02% 2018: 7466: 20.24: 0.27%: 7466: .27% 121.50: 1486: 1.36% 2019: 7815: 20.13: 0.26%: 7815: .26% 135.50: 1520: 1.32% 2020: 7140: 19.96: 0.28%: 7140: .28% 157.70: 1877: 1.06% 2021: 7335: 21.10: 0.29%: 7335: .29% 148.20: 1828: 1.15% 2022: 6556: 14.81: 0.23%: 6556: .23% $99.56 1824: 0.81% 2023: 6450: 18.82 0.28%: 6450: .29% $98.88 2063: 0.91% Ave.: 7238: 20.59 0.28% 7238: .28% 125.33 1567: 1.41% /4.17> 6450: 17.55: 0.27%: 6450: .27% $89.28 2360: 0.74% IFN to Gold: Cheapest yet at 0.74% of Gold Oz ==== IFN-vs-PSEI: 2019: Source: CEF Connect Called: "The Only Investment You Need for the Next 30 Years? " Per: David Skarica, at AddictToProfits > Source: https://addictedtoprofits.net/the-only-investment-you-need-for-the-next-30-years-the-result-will-surprise-you-scotday-april-17th-2024/

IPO is part of Yuchenko Group, RCBC etc. IPO-etc: (P6.90) / RCB (22.95) = 30.1%, HI: P3.50, 15.3% RCB / Rizal Comm'l Bank: P22.95, BV: P56.86, PER:4.15x e-Y: 24.1%, d-Y: 4.42% === Sym: Last : BkVal.: PER: EPS : Div., D-Y% RCB: 22.95, 56.86, 4.15x 1.795: 1.014, 4.42% IPO : P6.90, 12.38, 12.8x 0.540: 0.190, 2.75% HI : P3.50, 34.58, 0.00x 0.000: 0.050, 1.43% IPO, together with HI, wholly owns and operates its main subsidiary, Malayan Education System, Inc., which operates under the name of Mapúa University. Mapúa University has its main campus in Intramuros, Manila and an extension campus in Buendia, Makati. Mapúa University also has three wholly-owned operating schools, the Malayan Colleges Laguna (A Mapúa School), Inc., Malayan Colleges Mindanao, Inc. and the Malayan High School of Science, Inc. On May 2, 2019, the Company merged with AC Education, Inc., the wholly-owned education arm of Ayala Corporation, with IPO as the surviving entity. As a result, the Company acquired three additional operating subsidiaries: National Teachers College, University of Nueva Caceres, and Affordable Private Education Center, Inc., which is doing business under the name of APEC Schools.

IPO is part of Yuchenko Group, RCBC etc. IPO-etc: (P6.90) / RCB (22.95) = 30.1%, HI: P3.50, 15.3% RCB / Rizal Comm'l Bank: P22.95, BV: P56.86, PER:4.15x e-Y: 24.1%, d-Y: 4.42% === Sym: Last : BkVal.: PER: EPS : Div., D-Y% RCB: 22.95, 56.86, 4.15x 1.795: 1.014, 4.42% IPO : P6.90, 00.00, 12.8x 0.540: 0.190, 2.75% HI : P3.50, 00.00, 0.00x 0.000: 0.050, 1.43% IPO, together with HI, wholly owns and operates its main subsidiary, Malayan Education System, Inc., which operates under the name of Mapúa University. Mapúa University has its main campus in Intramuros, Manila and an extension campus in Buendia, Makati. Mapúa University also has three wholly-owned operating schools, the Malayan Colleges Laguna (A Mapúa School), Inc., Malayan Colleges Mindanao, Inc. and the Malayan High School of Science, Inc. Malayan Colleges Laguna is located in Cabuyao, Laguna and was established to extend the Mapúa brand to the south by offering programs in engineering, computer science, information technology, business, accountancy, and hotel and restaurant management. Malayan Colleges Mindanao is located in Davao and started school operations on July 2, 2018. Malayan High School of Sciences is a Science- and Math-oriented high school located in Pandacan, Manila and is modeled after similar but publicly funded-science high schools. On May 2, 2019, the Company merged with AC Education, Inc., the wholly-owned education arm of Ayala Corporation, with IPO as the surviving entity. As a result, the Company acquired three additional operating subsidiaries: National Teachers College, University of Nueva Caceres, and Affordable Private Education Center, Inc., which is doing business under the name of APEC Schools.

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KEY SUPPORT? Rising inflation, higher rates/ lower bonds have forced REITs lower And MEG unloading P500M MReit shs at a bargain 12.30 did not help TLT-etc: /88.83, RCR: 5.01, 5.64%, MReit: 13.10, 2.61xRCR at 4.18.24

WHO BOUGHT? Doubling down: SSS drops P500 million to beef up share in Kevin Tan’s Megaworld REIT BILYONARYO.COM / April 19, 2024 xx The Social Security System has more than doubled its shareholdings in MREIT, Inc., the real estate investment trust company of bilyonaryo Kevin Tan’s Megaworld (MEG). A source said SSS was the buyer in the block sale involving 40.65 million MREIT shares at P12.30 each on April 18. The sale will increase SSS’ MREIT stake to 69.816 million shares or 2.5 percent. Another pension fund, the Government Service Service Insurance System, has a 9.8 percent interest in MREIT. Tan said the P500 million proceeds from the sale will be used to enhance the development pipeline of MEG which will maintain a majority stake in MREITat 54.2 percent. This investment underscores the confidence in MREIT’s potential as an attractive and valuable long-term investment opportunity,” said the MREIT president and CEO in a statement. MEG sold the shares to increase MREIT’s public float to 44.4 percent and to further headroom for an oncoming property-for-share swap. Last year, MREIT inked a memorandum of understanding (MOU) with MEG for the acquisition of seven grade A office assets with a combined Gross Leasable Area (GLA) of 150,500 square meters. This deal will increase MREIT’s portfolio by nearly half to 475,500 sqm,. “We remain on course to achieve a total GLA of 500,000 sqm by the conclusion of 2024. This underscores our unwavering commitment to continuously bolstering shareholder value and nurturing MREIT’s expansion,” said the heir apparent of ultra bilyonaryo Andrew Tan. > https://bilyonaryo.com/2024/04/19/doubling-down-sss-drops-p500-million-to-beef-up-share-in-kevin-tans-megaworld-reit/business/

Andrew Tan raises P500 million through MREIT share sale BILYONARYO.COM / April 19, 2024 Property giant Megaworld, led by bilyonaryo Andrew Tan, raised P500 million from the sale of its shares in real estate investment unit MREIT. In a stock exchange filing, Megaworld said it sold 40.65 million shares of MREIT for P12.30 per share, (= P 500M) representing a slight discount compared to the previous day’s closing price. Following the transaction, Megaworld’s ownership in MREIT decreased to 55.13%, while public ownership increased to 44.87%. BDO Securities facilitated the transaction. Megaworld will settle the proceeds on April 22, and submit a reinvestment plan detailing how they will utilize the funds.

Andrew Tan raises P500 million through MREIT share sale BILYONARYO.COM / April 19, 2024 Property giant Megaworld, led by bilyonaryo Andrew Tan, raised P500 million from the sale of its shares in real estate investment unit MREIT. In a stock exchange filing, Megaworld said it sold 40.65 million shares of MREIT for P12.30 per share, (= P 500M) representing a slight discount compared to the previous day’s closing price. Following the transaction, Megaworld’s ownership in MREIT decreased to 55.13%, while public ownership increased to 44.87%. BDO Securities facilitated the transaction. Megaworld will settle the proceeds on April 22, and submit a reinvestment plan detailing how they will utilize the funds.