Cebu Landmasters to raise P3.8 billion
(WorldNews Business)

CEBU Landmasters Inc. (CLI) intends to raise up to P3.8 billion from an initial public offering scheduled in May to fund land acquisition and development costs for its expansion plans to five key cities in Visayas and Mindanao. Part of the proceeds will also be used for debt repayment and working capital requirements. ......