© 2020 ABS-CBN Corporation. Apart from from initial public offering, listing by way of introduction is another method of listing shares on the stock exchange. Altus Property Ventures, Inc (PSE: APVI) became the second newly listed company in the Philippine Stock Exchange by way of introduction.. 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As a listed company, APVI complies with reportorial requirements of the PSE and SEC and these are reflected in the company’s official website. The Company engages in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of properties. It was incorporated on March 28, 2007 as a real estate company with an initial authorized capital stock of 40,000,000 Common Shares at a par value of ₱1.00 per share. So far, the Philippine Stock Exchange has approved three applicants: Axelum Resources Corp., AllHome Corp. and Kepwealth Property Phils. “Consequently, there will be no increase in the total number of outstanding common shares as a result of the dividend distribution and the listing,” it added. In addition, it will oversee most aspects of the Company’s shareholder meetings, press conferences, investor briefings, non-deal roadshows, one-on-one or group meetings, conference calls and management of the investor relations portion of the Company’s website and the preparation of its annual reports. APVI’s listing allows us to pursue business opportunities, unlocking tremendous possibilities for future ventures," said Altus Property Ventures President Frederick Go. © Copyright 2019 | Altus Property Ventures. ALTUS Property Ventures Inc. is looking to be listed by way of introduction of up to 100 million common shares, as it filed for the distribution of property dividends to the stockholders of parent firm Robinsons Land Corp. The company recently installed solar panels on the roof of Robinsons Place Ilocos, helping cut costs and supporting an industry-wide shift to sustainability. Altus Property said its "stable recurring cash flows" would help it pursue future growth. Altus Property Ventures, Inc. (formerly Altus San Nicolas Corp.) is a stock corporation organized under the laws of the Philippines. As of its filing, it has an authorized capital stock of P100 million. “The Company (Robinsons Land) and its stockholders will not be offering common shares to the public for subscription or sale in connection with the dividend distribution or the listing,” the filing said. The 100-million common shares up for listing represent the entire issued and common stocks of Altus Property. One approach used is distributing property dividends by an unlisted issuer to the shareholders of a listed issuer. AboutCareersPrivacyTermsContact UsAdvertise With Us, IPO, Philippine Stock Exchange, Altus Property Ventures, Robinsons malls, Robinsons Place Ilocos, Robinsons Malls introduces delivery, personal shopper services. 2020 Download: Altus Property Ventures, Inc. - 2Q2020 Download: Altus Property Ventures, Inc. - 1Q2020 2019 SEC 17-C. 2020 Part of the Investor Relations Program (IR Program) is to institutionalize platforms and activities which will allow current and future investors to gain access to the Investor Relations Office of APVI (IR Office), keeping them abreast with the company’s latest updates. ALTUS Property Ventures Inc. is looking to be listed by way of introduction of up to 100 million common shares, as it filed for the distribution of property dividends to the stockholders of parent firm Robinsons Land Corp. Altus Property Ventures, Inc. (formerly Altus San Nicolas Corp.) is a stock corporation organized under the laws of the Philippines. On July 31, Robinsons Land approved the declaration of these dividends to its shareholders as of August 15, though the transaction is still subject to SEC approval. MANILA -- Real estate firm Altus Property Ventures Inc said Friday it would list shares on the Philippine Stock Exchange's SME board, notwithstanding the challenges of the COVID-19 pandemic. "We are delighted to have this new avenue for growth. The company that owns and operates the north wing of Robinsons Place Ilocos in San Nicolas, Ilocos Norte said it would list 100,000 common shares, representing 100 percent of its issued and outstanding common shares. Photo from Robinsons Place Ilocos Facebook MANILA -- Real estate firm Altus Property Ventures Inc said Friday it would list shares on the Philippine Stock Exchange's SME board, notwithstanding the challenges of the COVID-19 pandemic. Actors Hyun Bin, Kim Hee-ae receive Presidential Citation awards from Korean gov’t, ‘Ang Sa Iyo Ay Akin’ introduces new cast members, Italy's daily coronavirus cases rise to new record cases total 26,831, Ex-gov't lawyer asks SC to stop Duterte’s emergency powers, fund disbursements under Bayanihan 2, Typhoon Rolly threatens Central Luzon, Quezon; may trigger signal no. The IR Office will be headed by an Investor Relations Officer (IRO). Altus Property Ventures, Inc. provides real estate services. In a September 19 prospectus filed with the Securities and Exchange Commission (SEC), Altus Property said the initial listing price was P10.10 per share, bringing the total amount of the transaction to P1.01 billion. Altus is a real estate investment firm with over 4.5 million square feet of office, industrial, retail and multifamily properties. The IRO will be responsible for receiving and responding to investor and shareholder queries. Altus Property owns and operates the Robinsons Place Ilocos mall in San Nicolas town, Ilocos Norte province. Get the latest news from your inbox for free. To be an effective conduit between APVI's internal management and stakeholders and its local and foreign investors, the financial community, regulators, media, and the general public; To engage in active participation and constant communication with investors to enrich their understanding of APVI's current performance and long-term plans, enabling them to make sound investment decisions on our stock; To ensure that the stock price reflects the fundamental value and performance of the company. Through APVI’s company website, retail and institutional investors may find all relevant disclosed information and materials, which the IR office regularly reviews and maintains. In a September 19 prospectus filed with the Securities and Exchange Commission (SEC), Altus Property said the […] This De La Salle University graduate was only 22 when he launched a software development company in Canada. This website uses cookies to ensure you get the best experience on our website. Altus Property is the seventh firm to seek public listing this year. Audit firm Navarro, Amper & Co. served as an independent adviser for the share pricing. The Bangko Sentral ng Pilipinas (BSP) has raised P80 billion from its weekly auction of its own securities. The IRO will also be responsible for conveying information such as the Company’s policy on corporate governance and corporate social responsibility, as well as other qualitative aspects of the Company’s operations and performance. Altus Property Venture, Inc.’s (APVI) Investor Relations Program aims to ensure accurate and timely communication of disclosable information, financial and operational performance, and strategic direction related to the company to the investing public, analysts, fund managers, partners, media, and financial institutions. Investments vital for financial inclusion, BSP generates P80B from securities auction, ‘Don’t feel bad,’ says Duterte on Cayetano’s 50th birthday. Notice of Annual or Special Stockholders' Meeting. Copyright © The Manila Times – All Rights Reserved. Altus Property Venture, Inc.’s (APVI) Investor Relations Program aims to ensure accurate and timely communication of disclosable information, financial and operational performance, and strategic direction related to the company to the investing public, analysts, … The operator of its north wing, Altus Property Ventures, listed shares on the SME board on June 26, 2020. Listing by introduction is one of the means by which a company can list its existing shares in the stock market without raising funds from the public, like an Initial Public Offering (IPO). By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. All Rights Reserved. But he won over clients’ hesitancy... PRESIDENT Rodrigo Duterte told former Speaker Alan Peter Cayetano not to “feel bad” about recent events as he greeted him on his 50th birthday... PRESIDENT Rodrigo Duterte visited the tomb of his parents in Davao City on Wednesday night.