Ayala Land Inc (ALI), the Philippines’ largest property developer, said it has completed its merger with 29 wholly owned subsidiaries, in a move aimed at simplifying its corporate structure and improving operational efficiency.
The Securities and Exchange Commission (SEC) approved the merger on March 31, 2025, with an effective date of April 1, 2025, ALI said in a disclosure. The merger was earlier approved by ALI’s board of directors on March 12, 2024, and by its stockholders on April 25, 2024.
Ayala Land will remain the surviving entity after absorbing the subsidiaries, which are owned directly or through AyalaLand Estates Inc and AyalaLand Hotels and Resorts Corp.
The company said the internal restructuring is expected to create operational synergies, streamline reporting to government agencies, and enhance fund management.
As part of the merger, ALI will issue 116.3 million new common shares to AyalaLand Hotels and Resorts Corp and 11,500 shares to AyalaLand Estates Inc. Following the issuance, the company’s outstanding common shares, net of treasury shares, will increase to 14.97 billion.
Treasury shares will total 865.1 million after the transaction. ALI’s outstanding preferred shares will remain unchanged at 12.44 billion.
ALI, a unit of Ayala Corp, has more than 12,000 hectares in its landbank and operates 30 estates across 57 growth centers in the country, including major developments such as the Makati Central Business District, Bonifacio Global City, and Nuvali. Its operations span residential, commercial, hospitality, and strategic investment segments.
Construction and property management services for ALI projects are provided by Makati Development Corp and Ayala Property Management Corp.
Property News Philippines
