MANILA, Philippines – Andrew Tan-led Megaworld Corp. has sold 98 million common shares of MREIT Inc. in a block sale worth P1.32 billion, as the property giant moves to raise fresh funds. In a disclosure on Friday, Megaworld said the shares were sold on Dec. 19 at P13.50 apiece, translating to P1.323 billion in gross proceeds before fees and taxes. READ: MREIT doubling portfolio with Megaworld assets The transaction will be settled on Dec. 23, after which the company said it would submit the required reinvestment plan detailing how the proceeds from the sale will be used, in line with […]... Keep on reading: Megaworld sells P1.32B worth of MREIT shares in block deal