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Byline: Neil Jerome C. Morales
ACM LANDHOLDINGS, Inc., a niche player in the property industry that caters to families of seafarers, is looking to sell up to 30% of the company on the local bourse later this year to complement other fund- raising moves for its projects, officials yesterday said.
It hopes to raise P1 billion from the planned public share sale on top of the P500 million being sought from a private investor, they said.
Fresh funds will be used to expand beyond its existing projects in Batangas and Cavite to Visayas and Mindanao in a bid to grow income by 25% to P180 million.
"The barrier to growth is fresh capital. This is a very …