ALI to absorb units in restructuring move

By Brix Lelis

Mar 14, 2024 12:25 am

AYALA Land Inc. (ALI), the property development unit of Ayala Corp., is consolidating with at least 34 subsidiaries as part of an internal restructuring plan to simplify management and ownership structures.

The proposed consolidation, with ALI as the surviving entity, was approved by the board of directors at a special meeting on Tuesday, the company said in a disclosure on Wednesday.

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