053007: Ayala Land suspended; clarifies report on project

May 30, 2007
Updated 10:00:47 (Mla time)
Rocel Felix
Xinhua Financial News Service

MANILA, Philippines--The Philippine Stock Exchange said trading in shares of Ayala Land Inc was halted following a newspaper report that the property developer was looking at robust growth in sales at one of its residential projects.

Responding to the report in the Manila Times, Ayala Land it was projecting 75-percent growth in sales this year at its Community Innovations Inc to Filipinos working overseas.

Trading in the stock resumed at 10:00 am.

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