Securities and Exchange Commission (SEC) Headquarters in Makati. | PHOTO: Daniella Agacer/INQUIRER.net
MANILA, Philippines – The Securities and Exchange Commission (SEC) has approved the rental pool program of Megaworld’s Global One Hotel Group Inc., as part of its streamlined framework for real estate investment contracts.
The regulator said on Tuesday that its Commission En Banc had rendered effective Global One Hotel’s registration statement covering 6,340 certificates of participation in pool-sharing agreements across 12 condominium hotel projects, subject to the company’s compliance with remaining requirements.
READ: SEC starts to regulate sale of condotels, rental pool assets
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