PROPERTY firm Ayala Land, Inc. (ALI) plans to increase its stake in Malaysian development and construction firm MCT Bhd as part of efforts to increase its presence in the Malaysian market and become a major property player in the Asean region.
ALI Chief Finance Officer Augusto Bengzon told the local bourse the company is raising its stake in MCT from the current 32.95 percent to 50.19 percent.
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