MANILA, Philippines — City & Land Developers Inc. has moved a step closer toward its exit from the Philippine Stock Exchange (PSE) via a merger with its parent firm, Cityland Development Corp. (CDC).

This development comes after securing clearance from the Philippine Competition Commission (PCC).

In a regulatory filing on Wednesday, CDC said the antitrust body had granted the necessary approval for the merger, paving the way for the planned transaction.

https://business.inquirer.net/552750/antitrust-body-clears-city-land-cdc-merger