FIRST PACIFIC(00142.HK): VITRO REIT, Subsidiary of Associate PLDT, Files IPO Registration Statement, Targeting Maximum Proceeds of PHP24.2 Billion
NewTimeSpace News: First Pacific Co. Ltd. (00142.HK) announced that VITRO REIT under its principal operating associate PLDT Inc. has filed a registration statement and REIT scheme with the Securities and Exchange Commission of the Philippines, proposing an initial public offering on the Main Board of the Philippine Stock Exchange, which is expected to become the Philippines’ first digital infrastructure REIT. Assuming full exercise of the over-allotment option, the offer price is capped at PHP11.0 per share, with total gross proceeds projected to reach a maximum of PHP24.2 billion (approximately HK$3.1 billion).
NewTimeSpace News: On 22 June 2026, First Pacific Co. Ltd. (00142.HK) issued a voluntary announcement disclosing that VITRO Inc. (in the process of renaming to VITRO REIT, Inc.), a wholly-owned subsidiary of its associate ePLDT, Inc., has submitted a registration statement and real estate investment trust scheme to the Securities and Exchange Commission of the Philippines for a proposed initial public offering on the Main Board of the Philippine Stock Exchange.
Subject to regulatory approvals and prevailing market conditions, ePLDT intends to offer up to approximately 1,913,043,500 VITRO REIT shares via a secondary offer, together with an over-allotment option covering around 287 million shares, at a maximum offer price of PHP11.0 per share. Assuming full exercise of the over-allotment option at the maximum offer price of PHP11.0 per share, total gross proceeds are expected to peak at PHP24.2 billion (approximately US$399 million or HK$3.1 billion). The offered shares will represent approximately 48.95% of VITRO REIT’s issued and outstanding share capital post-listing.
VITRO REIT’s initial portfolio is expected to comprise eight fully operational income-generating data centre assets with a total aggregate IT load capacity of approximately 24 megawatts. The IPO will mark the launch of the Philippines’ maiden digital infrastructure REIT. As a REIT, VITRO REIT is required to distribute a minimum of 90% of its distributable income as dividends.
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