In response to the SPYBITS of PhilStar last September 10, 2013 "Manila Golf to be bought by Ayala Land?"
"Rumors continue to fly that Ayala Land Inc. is contemplating the idea of purchasing Manila Golf and Country Club lock, stock and barrel to give Ayala more leverage in its plans to develop the adjacent Bonifacio Global City. Even without the territorial dispute involving Taguig and Makati, traffic along McKinley is already very tight – and according to sources privy to backroom talks, the giant developer is planning to transfer the 43-hectare 18-hole golf course to its FTI (Food Terminal Inc.) property located in South Superhighway in Taguig."
AyalaLand issued a letter to the Philippine Stock Exchange head of disclosure department clarifying the issue.
"We would like to clarify that while Ayala Land, Inc. constantly explores options to enhance and expand our developments, our company is not in discussions with the management or shareholders of the Manila Golf Club regarding the acquisition of the 18-hole golf course in Makati City."Read the full PSE disclosure regarding this issue.
taguig.olx.com.ph
Be blessed and be a blessing.
Investment Secrets Pinoy
Bo Sanchez "Truly Rich Club" Member
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