Ayala Land, Inc. (ALI) is teaming up with Green Square Properties Corp. (GSPC) and Green Circle Properties and Resources, Inc. (GCPRI) for two projects in Aurora and Quezon province.
In a disclosure to the stock exchange on Tuesday, ALI said it has signed a memorandum of understanding with the two firms for the establishment of a joint venture company. The listed firm is set to own 51% of the JV firm, while 49% will be split between the two partners. — Arra B. Francia

RELATED ARTICLESMORE FROM AUTHOR