SEC clears MREIT’s P16.2-billion asset infusion ahead of schedule - BusinessWorld Online

SEC clears MREIT’s P16.2-billion asset infusion ahead of schedule - BusinessWorld Online

MREIT, INC. (MREIT), the real estate investment trust of Megaworld Corp., has secured approval from the Securities and Exchange Commission (SEC) for its P16.2-billion “Wave 4” asset infusion. The approval allows the company to proceed with the acquisition of nine Grade A office buildings, MREIT said in a statement on Thursday. “The approval comes ahead of the company’s expected timeline, allowing MREIT to move forward with the next phase of its …