DINE, S.A.B. de C.V. announced that it has received MXN 158.93 million in funding.
October 15, 2014 at 12:00 am EDT
Share
DINE, S.A.B. de C.V. (BMV:DINE B) announced a private placement of 26,488,752 common shares at MXN 6 per share for gross proceeds of MXN 158,932,512 on August 21, 2014. The company announced that of the total shares to be issued 13,536,812 are series A shares and 12,951,940 are series B shares. On the same date, the transaction was approved at the special meeting for shareholders of the company.
On October 15, 2014, DINE, S.A.B. de C.V. closed the transaction.
Dine SAB de CV is a Mexico-based company principally engaged in the real estate sector. The Company focuses on the construction and promotion of residential and touristic properties, as well as development of large-scale corporate and commercial spaces. Its project portfolio includes the Punta Mita and Punta Ixtapa resorts, the Bosques de Santa Fe, Bosques de las Lomas and Torres del Parque residential real estate, the Arcos Bosques Corporativo offices complex, as well as the Santa Fe shopping center, among others. The Company operates through a range of subsidiaries, such as Cantiles de Mita SA de CV, Servicios Administrativos Punta Mita SA de CV, Operadora de Nayarit SA de CV, Servicios Administrativos Dine SA de CV and Turistica Akko SA de CV.