Philippines' Citicore Energy REIT surges in debut after US$124 million IPO


MANILA, Feb 22 (Reuters): Citicore Energy REIT Corp, the Philippines' first real estate investment trust (REIT) listing focused on renewable energy, rallied 11% at its stock market debut on Tuesday.

The REIT, which is the third initial public offering (IPO) this year in the South-East Asian country, raised 6.4 billion pesos (US$124.47 million).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

After gastroscopy went wrong, Singaporean lies in vegetative state in S. Korea, waiting to go home
Indonesia plans to cut coal use to 33% of energy mix by end of 2040
Detective Conan’s 30th anniversary exhibition is sleuthing its way to KL this December
Philippines builds largest-ever solar farm; project to ensure energy security covers 3.500 ha
MAPIM, IMAR to work with NGOs to develop Malaysia-Thailand border economy
Family feud rising high - Philippine VP threatens to get president assassinated if she's killed
Party chief’s Malaysia visit helps reinforce long-term foundation for bilateral ties, says Vietnam govt
Key UN committee adopts resolution paving the way for a first-ever treaty on crimes against humanity
Cambodia's flagship canal in hot water as China funding is plunging
Laos seeks to promote high-quality tourism despite alcohol-poisoning hiccups

Others Also Read