Vista Land & Lifescapes, Inc. is planning to tap the equities market later this year to fund a portion of its capital expenditures of more than Php18 billion.
Vista Land Chief Financial Officer and Compliance Officer Ricardo B. Tan added that the company will fund the amount mostly by internally generated funds.
Mr. Tan also said that they will be raising funds either through the market or probably through debt. This is the company’s 2 post lifts solution to their requirements.
Moreover, he added that a portion of the company’s internally raised cash would be drawn from the Php636.07 million in proceeds raised from the recent sale of its Php133.91 million treasury stock.