Yuchengco holding firm pours P1B into subsidiary to mitigate market risks and reduce interest expenses

House of Investments (HI), led by the Yuchengco group, has announced a capital infusion of P1 billion into its subsidiary, ATYC Inc.

The move aims to mitigate market risk exposure and alleviate interest expenses for the subsidiary.

In a stock exchange filing, HI said the additional investment would be made through the subscription of 10 million preferred shares.

The funds will primarily be used to reduce the existing loans of ATYC, a company incorporated in 2022 that holds ownership of the prominent A.T. Yuchengco Centre in BGC.

This strategic investment is expected to decrease interest payments and mitigate market risk exposure for ATYC.

HI’s move reflects its commitment to fortify the subsidiary’s financial position and optimize its operations. By addressing these financial aspects, HI aims to enhance the resilience and stability of ATYC in an ever-evolving market.

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