SM Investments buys 28.79% stake in CREIT for P5&B
SM Investments [SM 972.00, down 1.0%; 63% avgVol] [link] spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT [CREIT 2.79 halted] from CREIT’s parent company, Citicore Renewable Energy Corp. (CREC), at a price of P2.6534/share. The shares were all secondary, meaning that the money that SM paid for the shares went to CREC (not CREIT), and the transaction […]
T. Kauer 
SM Investments [SM 972.00, down 1.0%; 63% avgVol] [link] spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT [CREIT 2.79 halted] from CREIT’s parent company, Citicore Renewable Energy Corp. (CREC), at a price of P2.6534/share. The shares were all secondary, meaning that the money that SM paid for the shares went to CREC (not CREIT), and the transaction […]
