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Spin-off of PNB real estate subsidiary seen completed this year

Tycoon Lucio Tan-led Philippine National Bank (PNB) aims to complete within this year the spin-off of a company that will unlock values from the bank’s most valuable but currently low-earning real estate assets. PNB earlier disclosed the infusion of certain real estate properties into wholly-owned subsidiary PNB Holdings Corp. (PHC) in exchange for additional shares […]

The post Spin-off of PNB real estate subsidiary seen completed this year appeared first on Inquirer Business.

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