Philrealty exits rehab, sets strong comeback

April 01, 2014

MANILA, Philippines – Reeling under debt for 12 years, property developer Philippine Realty Corp. is making a strong comeback following its exit from court-assisted corporate rehabilitation.

In a briefing yesterday, Philrealty president Amador Bacani said the company is hoping to capitalize on a resurgent real estate market after the Quezon City Regional Trial Court terminated the rehabilitation proceedings following the full settlement of the firm’s obligations.

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