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Firm transfers property to subsidiary

Vol. XXI, No. 154 [ Business World Online ]
Thursday, March 06, 2008 | MANILA, PHILIPPINES

NORTHPINE LAND, Inc., formerly known as Jardine Land, Inc., has agreed to transfer its 3,654.70-square-meter property in West Triangle, Quezon City to its wholly owned subsidiary NorthPine One Residences, Inc. in exchange for shares from the increased authorized capital stock.

The Securities and Exchange Commission (SEC) has approved the capital hike of NorthPine One Residences to P379.99 million from P1 million. > > > [ full story ]
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