Philippine billionaire Andrew Tan’s Megaworld injects record $437M into real estate trust

Philippine billionaire Andrew Tan’s Megaworld injects record $437M into real estate trust
Megaworld Corp., controlled by billionaire Andrew Tan, is injecting 27 billion pesos ($437 million) worth of properties into a real estate investment trust (REIT), marking the largest asset infusion into the REIT to date.