IRC Properties, Inc. is making key structural changes to its company in preparation for the construction of its proposed subway system in Makati.
In a disclosure to the stock exchange on Thursday, June 21, IRC said its board of directors has approved to change the company name to Philippine Infradev Holdings, Inc. (PIHI). It will then act as a holding firm for investments in real estate development and infrastructure project.
“The amendment shall enable the company to expand its business operations to include infrastructure and real estate development projects,” the company said. — Arra B. Francia

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