Tuesday, June 28, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Corporate

Ovialand taps investment bank as initial public offering advisor

Jenniffer B. AustriabyJenniffer B. Austria
May 9, 2021, 7:15 pm
in Corporate
Reading Time: 2 mins read
A A
83
SHARES
Share on FacebookShare on TwitterShare on Email

Ovialand Inc., a housing developer with projects in Laguna, Batangas and Quezon provinces, appointed China Bank Capital Corp. as its financial advisor for its planned initial public offering.

Ovialand president Fatima Olivares-Vital said in a statement China Bank Capital would assist the company as it embarks on a dynamic growth strategy. Ovialand is a subsidiary of low-cost housing developer Malate Construction and Development Corp. with three decades of experience in the industry.

“There is strong demand for our housing lifestyle product, so we are aiming to scale up our capacity to 3,000 houses per year by 2025 and eventually 5,000 houses per year by 2030. We are excited to work with China Bank Capital to help us realize our growth plans,” Vital said.

“They’re the right choice for us on the back of our fruitful relationship with their mother bank for the past 5 years and also because they fully share our vision for Ovialand,” she said.

China Bank Capital president Ryan Martin Tapia said the investment bank is honored to have been tapped by Ovialand for its assistance in achieving the latter’s goal to become one of the fastest-growing property developers in the country.

ADVERTISEMENT

“We see a huge opportunity in the housing backlog in the country, and we think the company’s unique premium affordable offering is well-positioned to cater to a growing market of young families looking for quality homes. China Bank Capital is here to make sure Ovialand has the advice it needs to reach its full potential,” he said.

Businessman Januario Jesus Atencio, the former president of listed 8990 Holdings Inc., acquired a 13-percent stake in Ovialand in November last year. Since then, Atencio played an active role in advising and mentoring the OLI management.

“This significant milestone for Ovialand is paving the way for many opportunities. It is an honor to have been accepted as a client by one of the best capital advisory firms in the country,” Atencio said.

Atencio said earlier Ovialand has huge potential because it is serving a growing market. It is Atencio’s first major investment in the real estate sector after he retired as the president of 8990 Holdings.

Ovialand aims to become a nationwide player in the real estate sector producing 8,000 to 10,000 units annually over the the next 10 years.

It plans to expand in the Visayas by 2024 or 2025 and venture into mid-rise buildings in more congested areas of Metro Manila, according to Vital.

Its housing projects include Sannera and Savana in San Pablo, Laguna and Cailya in Candelaria, Quezon.

Tags: China Bank Capital CorpFatima Olivares-VitalMalate Construction and Development CorpOvialand Inc
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Nike profits dip on lower sales in North America, China

byAFP
June 28, 2022, 9:00 am
0
134
Nike profits dip on lower sales in North America, China

Lower sales in North America and China dented Nike's quarterly results as the sports giant on Monday projected modest revenue...

Read more

Metro Pacific announces acquisition of Carmen’s Best

byJenniffer B. Austria
June 27, 2022, 9:50 pm
0
218
MPIC garners ‘A’ rating in infrastructure index

Infrastructure conglomerate Metro Pacific Investments Corp. is diversifying into agribusiness sector with the acquisition of a controlling stake in premium...

Read more

Foodpanda PH changes name to Delivery Hero

byOthel V. Campos
June 27, 2022, 9:40 pm
0
192
foodpanda to deliver P6M in goods to Odette-hit communities, riders

Online quick-commerce platform foodpanda Philippines announced Monday the change in its legal corporate name to Delivery Hero Philippines Inc., reflecting...

Read more

Arthaland plans to launch projects in Makati, Laguna

byJenniffer B. Austria
June 26, 2022, 6:50 pm
0
305
Arthaland starts sale of green bonds worth P3 billion

Boutique property developer Arthaland Corp. plans to launch two residential projects this year as part of its plan to grow...

Read more

Global body affirms SEC membership

byJenniffer B. Austria
June 26, 2022, 6:30 pm
0
153
SEC urges stronger cybersecurity steps

The Securities and Exchange Commission said over the weekend it secured membership in the Association of National Numbering Agencies—a global...

Read more

MPIC gets ‘most honored’ recognition

byManila Standard
June 26, 2022, 6:20 pm
0
159
MPIC garners ‘A’ rating in infrastructure index

Metro Pacific Investments Corp. was recognized as a “Most Honored Company” in the 12th Institutional Investor Research Annual Asia Executive...

Read more
ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App