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City and Land Developers, CDC gear up for merger
The Philippine Star
|August 28, 2025
Listed real estate companies City and Land Developers Inc. and Cityland Development Corp. (CDC) are gearing up for a merger, with the latter as the surviving entity, in a move to streamline corporate structure and boost operational efficiency.
In a stock exchange filing, CDC said that its board approved a merger plan with its subsidiary, City and Land Developers, in an internal restructuring to eliminate redundancies and enhance shareholder value.
CDC owns a 49.73-percent stake in City and Land Developers, with some common directors and officers.
The company said it would issue 1.39 billion common shares to the stockholders of City and Land Developers as consideration for the merger, per the agreed exchange ratio.
Cette histoire est tirée de l'édition August 28, 2025 de The Philippine Star.
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