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GT Capital Nabs 23% Stake In Philippine Low-Cost Housing Co.

By Benjamin Horney (August 7, 2015, 4:12 PM EDT) -- GT Capital Holdings Inc. said Friday it will buy a nearly 23 percent slice of Philippine affordable housing developer Property Company of Friends Inc. for 7.24 billion Philippine pesos ($158.2 million), in a move to bolster the conglomerate's presence in the property market....

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