August 29, 2025 | 12:00am
MANILA, Philippines — Metropolis and Land Builders Inc. will likely be delisted within the Philippine Inventory Change (PSE) as a part of its deliberate merger with Cityland Improvement Corp. (CDC).
In a inventory trade submitting, Metropolis and Land Builders mentioned that upon the completion of the merger, the corporate will stop to exist as a separate authorized entity and its shares will likely be delisted from the PSE.
Metropolis and Land Builders is an actual property firm, which listed with the PSE in December 1999, following its preliminary public providing.
The corporate is principally engaged in buying and growing land for a wide range of makes use of, together with residential, workplace, industrial, institutional and industrial tasks.
It’s centered on growing properties below subdivision and condominium codecs, catering to the rising demand for city residing and funding alternatives in key areas throughout Metro Manila.
Metropolis and Land Builders is 49.73 p.c owned by CDC, whereas its final father or mother firm is Cityland Inc.
Metropolis and Land Builders and CDC have introduced a plan to merge, with the latter because the surviving entity, in a transfer to streamline company construction and increase operational effectivity.
Each firms, nevertheless, mentioned that the timetable for the implementation of the merger can’t be decided but because the plan continues to be topic for company and regulatory approvals.
CDC will proceed its company existence and can take up all of Metropolis and Land Builders belongings, liabilities, rights and privileges.
Because the surviving company, it should additionally assume all current obligations of Metropolis and Land Builders, making certain continuity and full safety for collectors and its stakeholders.
One Hidalgo, a 39-story mixed-use condominium in Malate, Manila, is an ongoing mission of Metropolis and Land Builders.
The mission was launched in 2023 and set for completion in 2027.
Its different accomplished tasks are One Taft Residences, North Residences, Manila Residences Bocobo, Grand Emerald Tower and Pacific Regency, all of that are strategically positioned in Metro Manila.
