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Ayala Land to issue over 609-M common shares for merger with subsidiaries May 4, 2021 | 12:07 am Of the total shares issued, 491,306,375 shares will be treated as treasury shares. Cebu Holdings, along with Asian I-Office Properties, Inc., Arca South Commercial Ventures Corp., and Central Block Developers, Inc., will be absorbed by Ayala Land through the merger. Ayala Land has a 71.13% stake in Cebu Holdings. The company will issue 0.19 common shares for each of Cebu Holdings’ issued and outstanding shares, which means Ayala Land will issue a total of 409,783,760 common shares to the firm. Wholly owned Cebu Holdings subsidiary Asian I-Office Properties is also part of the merger and will receive 3.29 Ayala Land common shares for every share. The transaction will total 22,244,841 of Ayala Land common shares. ....
March 16, 2021 | 12:04 am Font Size AAA AYALA LAND, Inc. (ALI) is developing a waterside commercial area called District Square in Cebu City. District Square is located within the 26-hectare South Coast City, a project of SM Prime Holdings, ALI and Cebu Holdings, Inc. The company is offering commercial lots, ranging from 1,777 to 2,601 square meters, which will be ideal for offices, hotels, and other businesses. “Our aim is to build sustainable developments that contribute significantly to the local economy and provide a safe and healthy quality of life. District Square is a unique opportunity to build or invest, given the combined investment plans of both ALI and SM in South Coast City, the infrastructure program in the area, and the progressive Cebu market where master planned estates are hard to come by. We would like to invite partner locators to share in this vision and be part of seeing this through,” said Anna Ma. Margarita “Meean” B ....
SunStar Ayala Land offers commercial lots in District Square in SRP UPDATE. Photo shows the construction progress of the commercial lot offering District Square, which is envisioned to be Cebu’s prime waterside address and home to progressive office, hotel, and other commercial developments. / AYALA LAND + March 12, 2021 AYALA Land Inc. (ALI) is introducing a prime commercial development called District Square, located within the scenic seaside South Coast City in the South Road Properties (SRP) in Cebu City. The waterside commercial area is designed to attract and spur new business investments in the province and will have infrastructure and amenities that support the creation of a vibrant community. The project aims to reflect the company’s track record for developing well-integrated and sustainable estates that are ....
Ayala Land to merge with Cebu Holdings, subsidiaries enablePagination: false endIndex: Metro Manila (CNN Philippines, February 24) Ayala Land Inc. will be merging with listed subsidiary Cebu Holdings Inc. and its subsidiaries, the property developer announced. In a disclosure to the Philippine Stock Exchange published Wednesday, Ayala Land said its board of directors approved a day ago its merger with the Cebu-based property developer and subsidiaries Asian I-Office Properties, Inc. (AiO), Arca South Commercial Ventures Corp. (ASCVC) and Central Block Developers Inc. (CBDI). “The merger is an internal restructuring as well as a consolidation of Ayala Land’s Cebu portfolio under one listed entity,” the document read, adding that it is expected to result in operational synergies, efficient funds management and simplified reporting to government agencies.” ....
BusinessWorld February 25, 2021 | 12:08 am Fourth-quarter showed ‘sustained momentum for recovery’ AYALA LAND, Inc. (ALI) on Wednesday reported a 74% fall in net income for 2020 to P8.7 billion after a double-digit decline in consolidated revenues, but said its performance “improved steadily” towards yearend. “There was no escaping the major disruption caused by the pandemic in 2020, but our company’s performance in the latter part of the year was encouraging and provides a baseline for our recovery plans moving forward,” Ayala Land President and Chief Executive Officer Bernard Vincent O. Dy said in a press release. Revenues dropped by 43% to P96.3 billion last year, which the company said it “endured” after the impact of the coronavirus disease 2019 (COVID-19) on its operations. ....