Two Ayala-led firms based in Cebu are merging in order to consolidate their operations in the area, as well as achieve efficiencies in management.
Cebu Holdings, Inc. (CHI) said in a statement that it will proceed with its merger with Cebu Property Ventures and Development Corp. (CPVDC), after securing shareholder approval during the company’s annual shareholders’ meeting. — Arra B. Francia

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