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APAC Realty: Makes Foray Into The Philippines.
23 Apr 2024 17:22APAC Realty Limited has entered into a ERA Franchise Agreement with Upper Room Realty (Phils.) Inc. for Manila, Philippines. Under the Agreement, Upper Room has the right to operate or grant memberships for the operation of ERA member broker offices in Metro Manila for an initial 15-year term with effect from 4 May 2024. The Company has the option to purchase up to 20% of the shares in the Franchisee at a price determined by an independent valuer to be agreed between both parties, within 3 years from franchisee agreement date. The Franchisee has the option to be granted exclusive and extended to the rest of Philippines, subject to additional fees and the fulfilment of certain conditions as set out in the Agreement...
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Source: ShareInvestor Express
