Site Group International Limited (AU:SIT) has released an update.
Site Group International Limited (ASX: SIT) is gearing up for a major transformation into a property development-focused entity, with plans to significantly expand high-rise development on its Clark Land holding. This follows the company’s alignment with the Clark Development Corporation’s Urban Renewal Plan and the broader post-Covid recovery in the region, which includes the opening of the new Clark airport, increased tourist traffic, and substantial infrastructure developments. Investors are closely watching as the company prepares to regularize its balance sheet and submit development applications, signaling a strategic pivot and growth in the bustling Philippine market.
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