Retail and banking tycoon Lucio Co is planning to list a P30-billion real estate investment trust (REIT) this year as billionaires Enrique Razon Jr. and the Sy family, which was planning to launch the country's largest-ever initial public offering (IPO), defer plans amid volatile conditions. Philippine Stock Exchange (PSE) president Ramon Monzon said Co, the owner of investment holding company Cosco Capital and supermarket operator Puregold Price Club, was planning to take an industrial-themed REIT firm public in the second semester of the year.

https://business.inquirer.net/410546/lucio-co-set-to-list-p30-b-reit-sms-pushed-back-to-2024

#inquirer