{"id":329771,"date":"2024-10-04T01:02:20","date_gmt":"2024-10-03T17:02:20","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329771"},"modified":"2024-10-04T01:02:24","modified_gmt":"2024-10-03T17:02:24","slug":"trade-the-news-hvn-acquires-400-hectare-property-from-villar-city","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-hvn-acquires-400-hectare-property-from-villar-city\/","title":{"rendered":"Trade the News: HVN acquires 400-hectare property from Villar City"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Golden MV Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>HVN<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Unrated<\/td><\/tr>
1-Year Target Price<\/strong><\/td>Unrated<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Manuel Villar Jr.’s Villar City is selling nearly 400 hectares of land in Cavite worth about P5.2 billion to his listed company Golden MV Holdings (HVN), a developer of cemetery plots and mass housing. The land is located in the family\u2019s 3,500-hectare estate in Metro Manila and parts of Cavite province.<\/p>\n\n\n\n

\u201cGolden MV\u2019s acquisition of approximately 400 hectares of land in Villar City further strengthens its asset base, positioning the company to play a central role in the development of this transformative project,\u201d the company said.<\/p>\n\n\n\n

Villar City, which the group has dubbed the \u201cnew center of gravity\u201d for Metro Manila, earlier unveiled plans for major developments such as two golf courses, a church, an events arena, a university, and a large-scale entertainment complex.<\/p>\n\n\n\n

Golden MV, which originally listed in 2016 as Golden Haven Memorial Park, did not detail how it would finance the purchase.<\/p>\n\n\n\n

Trading suspension<\/strong><\/p>\n\n\n\n

The proposed deal involves the purchase of three Villar firms, Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corp., for P5.19 billion.<\/p>\n\n\n\n

The Philippine Stock Exchange deemed the transaction large enough to trigger a stock suspension of Golden MV Holdings, trading under the symbol HVN. Its suspension will be lifted after the company issues more details on the land purchase, the exchange said.<\/p>\n\n\n\n

Golden MV Holdings to focus on Villar City<\/strong><\/p>\n\n\n\n

The group also unveiled its \u201ccomplementary\u201d land development strategy with affiliate Vista Land & Lifescapes Inc.<\/p>\n\n\n\n

\u201cThe acquired companies will allow Golden MV to concentrate on the development of Villar City, a legacy project of Manuel B. Villar, Jr. With this acquisition, Golden MV reaffirms its commitment to becoming a key player in shaping the future of this expansive and innovative development,\u201d the developer said.<\/p>\n\n\n\n

On the other hand, Vista Land will \u201ccontinue to develop its own landbank, through Vista Estate, across the country.”<\/p>\n\n\n\n

(News Source: Insider PH<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329771","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329771"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329771\/revisions"}],"predecessor-version":[{"id":329773,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329771\/revisions\/329773"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}