State-run Philippine Deposit Insurance Corp. (PDIC) is set to auction off closed banks’ assets with an aggregate minimum disposal price of P22.7 million on October 1.
The assets to be auctioned off on an “as-is, where-is” basis include a 35,842-square-meter PDIC property consisting of contiguous vacant residential lots in General Santos City at a minimum lot price of P14.3 million, and various generator sets and auto shop and transportation equipment.
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