Arthaland sells 100% stake in realty subsidiary
By Doris C. Dumlao
Boutique property developer Arthaland Corp. (Alco) has sold 100 percent of its interest in realty subsidiary Irmo Inc., an exercise seen to “significantly improve” yearend income and prepay some of its loans. Irmo—which is engaged in the realty development business including home building and development—has an interest in a portion of a subdivision plan [...]
