MANILA — Stockholders of Philippine National Bank (PSE: PNB) as of May 18, 2021 can expect to gain benefits from the issuance of property dividends by PNB Holdings Corporation, according to PNB CEO Wick Veloso.
At PNB’s Annual Stockholders Meeting Tuesday (April 27, 2021), the Lucio Tan-led bank said it is pursuing plans to dispose its low-earning assets, strengthen its capital position and improve its ability to generate more revenues in the years to come.
PNB announced the property dividends as part of PNB’s move to recognize and monetize the unrealized value of its three major properties, namely: the PNB Financial Center in Pasay, PNB Makati Center in Ayala’s Central Business …
Keep on reading: PNB stockholders to reap benefits from property dividends, says CEO