LISTED A Brown Co., Inc. (ABCI) said it is investing about P75 million in Simple Brown Builders, Inc. (SBBI), equivalent to an approximately 20% stake in the newly formed real estate company.
In a regulatory filing on Tuesday, ABCI said it will acquire about 75 million common shares of SBBI at a par value of P1 per share.
The company said SBBI was formed to engage in real estate development and housing projects.
ABCI did not disclose the funding source, payment terms, completion timetable, or other terms of the investment.
The investment adds to A Brown’s existing property business, which includes residential developments in Northern Mindanao, Caraga, and Tanay, Rizal.
A Brown has also expanded into economic and socialized housing projects, according to its 2025 annual report.
For the first half of 2026, the company posted gross revenue of P1.07 billion, up 4.2% from P1.03 billion a year earlier.
Net income attributable to the parent fell 45.1% to P194.49 million from P354.07 million in the same period last year.
A Brown had total assets of P16.62 billion and total liabilities of P7.47 billion as of end-June.
Aside from real estate, A Brown has interests in power generation, palm oil processing, electron-beam services, and bulk water supply through its subsidiaries and affiliates.
A Brown shares fell by P0.01, or 1.23%, to close at P0.80 apiece on Tuesday. — Alexandria Grace C. Magno