Source: http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-4795_MEG.pdf"Megaworld Corporation acquired the stake of Empire East Land Holdings, Inc. and Suntrust Home Developers, Inc. in affordable housing developer, Suntrust Properties, Inc., making the latter a wholly owned subsidiary of Megaworld. A total of 393,750,000 shares of Suntrust Properties, Inc. were acquired by Megaworld at book value for a total acquisition price of Php589,046,062.50."
Megaworld Corporation - Acquisition of stake of ELI and SUN in Suntrust Property, Inc.
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