ALI merger with Cebu units pending BIR review

By Ed Paolo Salting

Nov 30, 2022 12:21 am

REAL estate developer Ayala Land Inc. (ALI) reported that its certificate authorizing registration (CAR) for the transfer of properties from its Cebu real estate companies to ALI is still under review.

In a statement, ALI informed investors that since the start of the processing of its CAR with the Bureau of Internal Revenue for the transfer of the properties from the absorbed corporations to their company, the application is still being scrutinized and pending approval.

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