SunStar ALI, CHI merge; execs pledge to grow investments in Cebu
MERGER. Photo shows the booming Cebu IT Park, one of the business districts under the management of Cebu Holdings Inc. (CHI). On Wednesday, April 14, 2021, CHI top executives announced the company’s merger with its parent company, Ayala Land Inc. / CEBU IT PARK FACEBOOK PAGE
+ April 14, 2021 CEBU Holdings Inc. announced on Wednesday, April 14, 2021, that it is merging with parent company Ayala Land Inc. with the latter as the surviving entity.
“2021 will be another year of change for CHI as we consolidate with parent company Ayala Land Inc. With this merger we expect to achieve operational synergies, more efficient funds management and simplified reporting to government agencies. This development will also create a wider share of shareholder base, increasing liquidity and allowing investors to focus on one listed company,” said Ana Ma. Margarita Dy, president of CHI
February 9, 2021 | 12:04 am Font Size
ANFLO Industrial Estate in Panabo City may be expanded, a company official said. COMPANY HANDOUT
DAMOSA Land, Inc., the real estate arm of the Floirendo-owned Anflo Management and Investment Corp., is in talks with two foreign companies for space at the Anflo Industrial Estate (AIE) in Panabo City.
AIE Corp. First Vice-President Ricardo “Cary” F. Lagdameo said the potential locators are involved in the agro-industrial chain business. He said further details will be announced as negotiations develop.
Mr. Lagdameo said they continue to be bullish about the economic zone after achieving targets last year despite the mobility restrictions and overall economic impact of the coronavirus pandemic.