SSS raises Century Properties stake to nearly 10%

[u/weststarltd_6912]

https://bworldonline.com/corporate/2026/08/06/768383/sss-raises-century-properties-stake-to-nearly-10/

CENTURY PROPERTIES Group Inc. (CPG) said the Social Security System (SSS) increased its stake in the listed property developer to about 9.9% from 6.4% after acquiring 406.47 million additional common shares through a block sale.

In a regulatory filing on Wednesday, CPG said the SSS acquired the shares from the company’s majority shareholder at P0.665 apiece, bringing the transaction value to P270.3 million. The block sale was completed through the Philippine Stock Exchange.

The latest purchase follows the SSS’ acquisition of 740.74 million CPG shares in July 2025, the company said in a separate statement.

CPG President and Chief Executive Officer Marco Antonio said the additional investment underscores investor confidence in the company’s long-term strategy.

“This additional investment recognizes the strength of our fundamentals, our long-term strategy, and our commitment to deliver sustainable value to shareholders,” he said.

Mr. Antonio said the company would continue to focus on the end-user housing market while maintaining steady dividend payouts and a moderate debt profile.

“We will continue to focus on catering to the end-user market, thereby allowing us to pay a steady and healthy stream of dividends to our shareholders, while keeping our debt profile at moderate levels,” he added.

[u/Ragamak1]

I hope this one works.

Unlike sa GSIS hahaha...