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Federal Land, Inc. divests 52% stake in Crown Central
Business World Philippines
|December 18, 2025
FEDERAL LAND, INC. (FLI), the property arm of GT Capital Holdings, Inc., and its subsidiary Horizon Land Property Development Corp. have sold their combined 52% stake in Crown Central Properties Corp. to Crown Equities, Inc. (CEI) for a total of P73.48 million.
In a disclosure to the stock exchange on Wednesday, CEI said it acquired 62.5 million common shares from Federal Land, valued at P68.12 million, and 5 million common shares from Horizon Land, valued at P5.37 million. The acquisition was approved by CEI's board on Dec. 16 and remains subject to agreed closing terms and conditions.
Following the transaction, Crown Equities now owns 100% of Crown Central Properties, which was previously a joint venture between Crown Equities and the FLI group. The company develops residential and commercial projects.
This story is from the December 18, 2025 edition of Business World Philippines.
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