PSE and FBDC sign contract to sell
The Philippine Stock Exchange, Inc. (PSE) and Fort Bonifacio Development Corporation (FBDC) signed a Contract to Sell on Tuesday for PSE’s acquisition of office units in Bonifacio Global City (BGC) for a total purchase price of P805.37M.
“We are pleased with the developments in this transaction with FBDC. The transfer to Fort Bonifacio will afford PSE operational efficiencies and support the growth of the company in the coming years. We look forward to calling the fast-growing BGC our home soon,” said PSE President and CEO Hans B. Sicat.
The purchased property in BGC will serve as headquarters of the PSE and house its unified trading floor.
The PSE expects to move to its new office in the latter part of 2016.
Photo 1, seated L-R: FBDC CFO Lourdes R. Reyes; FBDC Director Edgardo M. Cruz, Jr; Ayala Land, Inc. and FBDC President Bernard Vincent O. Dy; PSE Chairman Jose T. Pardo; PSE President and CEO Hans B. Sicat and PSE Director Vivian Yuchengco. Standing, L-R: PSE COO Roel A. Refran; PSE Corporate Secretary Aissa V. Encarnacion; PSE Director Edgardo G. Lacson; PSE Treasurer Omelita J. Tiangco and PSE Director Ramon S. Monzon.
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