Tycoon Edgar Saavedra’s Citicore Energy REIT Corp. (CREIT) welcomed changes to its board after the Sy family’s SM Group infused P5 billion for nearly a third of the real estate investment trust.
Tycoon Edgar Saavedra's Citicore Renewable Energy Corp. (CREC) set its Philippine stock market debut on May 31 after scaling down its IPO proceeds following SM Group's P5-billion investment in its listed real estate investment trust (REIT) subsidiary.
Tycoon Edgar Saavedra’s Citicore Energy REIT Corp. saw profits increase 12 percent to P1.4 billion in 2023 thanks to its expanded green asset portfolio and strategic acquisitions.