Real estate tycoon Manuel Villar plans to list two more companies engaged in small power plants and coffee shops and restaurants.
Villar said in a recent interview plans to list Siquijor Island Power Corp. and Coffee Project later this year. The maiden share sales will follow the initial public offering of retail estate investment trust company Vista REIT Inc. in June.
The Villar Group is aggressively expanding its coffee business under Coffee Project which now has 100 stores across various brands. The group plans to establish 200 stores before the IPO.
Aside from the coffee shop, the Coffee Project also has various restaurants under its group.
Villar said the Coffee Project IPO may be conductedin the fourth quarter of 2022 or the first quarter of 2023.
The IPO size of Coffee Project is expected to be over P1 billion.
Villar said he was also planning to list Sipcor, which operates in Siquijor and Camotes Islands with a combined capacity of 21.7 megawatts.
Named as the county’s richest by Forbes Magazine, Villar controls several listed compnaies, including Vista Land & Lifescapes Inc., AllHome Corp., AllDay Marts Inc., Golden MV Holdings Inc. and StarMalls Inc.
Villar said AllDay Marts would open seven to eight new stores, while AllHome would launch five outlets this year.
He said Vista Land plans to infuse more assets into Vista REIT after its IPO.
Vista REIT has an initial portfolio of 10 community malls and two office buildings with an aggregate gross leasable area of 256,404 square meters.
The company plans to raise up to P9.18 billion from the sale of 3.33 billion secondary common shares, with an overallotment option for another 333.75 million secondary common shares at P2.50 apiece.
Villar also said his media venture would start broadcasting this year. Without mentioning details, Villar said the company planned to offer services beyond the traditional platform and would consider video streaming and theme park businesses.
The National Telecommunications Commission in January granted Villar’s Advanced Media Broadcasting Systems the television broadcast frequencies previously held by ABS-CBN.