Megaworld Corp., the holding firm for tycoon Andrew Tan’s property businesses, is firming up its footprint in the tourism sector with the acquisition of a majority stake in tourism estate developer Global-Estate Resorts Inc. (GERI).
During the company’s annual stockholders’ meeting held Friday, the company announced that it has already finalized its takeover of GERI from the company’s parent firm Alliance Global Group, Inc., the holding conglomerate owned by Tan.
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