Ayala gets PSE nod for REIT IPO, energy unit to build wind farm in Vietnam

Ayala gets PSE nod for REIT IPO, energy unit to build wind farm in Vietnam

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Ayala Land has received approval from the Philippine Stock Exchange for the country’s first-ever real estate investment trust (REIT) while Ayala Corporation unit AC Energy is building a large wind farm in Vietnam.