TORRE Lorenzo Development Corporation (TLDC) said it is considering a possible public listing to raise funds for sustaining the company’s growth over the next five years. “It’s always an option, but the focus now is to grow the company to a certain size, where we will be a mid-sized property developer by 2020,” Rapadas said. In line with achieving its 2020 goals, Torre Lorenzo is looking at a capital expenditure of P30 billion to P32 billion until 2020. So somewhere between P6 and P7.5 billion,” Rapadas explained. He said Torre Lorenzo has a “sufficient” amount of land bank, currently at about 350 hectares.

Source: Manila Times January 29, 2017 16:45 UTC