AyalaLand Logistics will increase its share capital

The shareholders of AYALALAND LOGISTICS Holdings Corp. on Thursday approved an increase in the company’s authorized share capital of up to 10 billion pesos to fund its growth plans.

This will be “used as a source of funding for the company’s expansion projects and growth plans,” said Francis M. Montojo, the company’s chief financial officer, at its annual meeting of shareholders.

This will be done “through the creation of preferred shares without voting rights of up to 5 billion pesos with a nominal value of 1 peso per share and the increase of ordinary shares from 7.5 billion pesos to 12.5 billion pesos, with a face value of 1 peso per share,” she also said.

The company’s existing authorized share capital is 7.5 billion pesos, divided into 7.5 billion ordinary shares, with a par value of 1 peso per share.

The shareholders also approved the delegation to the Board of Directors of the final conditions for the issuance of the shares and the characteristics of the preferred shares, the implementation of the proposed increase in share capital and the creation of the preferred shares.

The company saw its attributable net profit for 2021 increase by 10.98% to 799.97 million pesos from 702.81 million pesos a year earlier.

Its total revenue reached P4.30 billion, up 15.59% from P3.72 billion in 2020.

The company aims to be a “dominant player” in the real estate logistics sector.

It aims to expand its presence across the country. It currently has a presence in Metro Manila, Laguna, Cavite, Batangas, Pampanga and Laguindingan in Northern Mindanao.

The company also announced plans to increase the gross leasable area of ​​its warehouse to 500,000 square meters (m²) by 2025, from its current 224,000 m².

Its main business segments include industrial and logistics hubs, warehousing, cold storage and data centers.

In 2021, the company acquired Technofreeze, Inc., a cold storage facility located in Laguna Technopark. — Arjay L. Balinbin

Sallie R. Loera