The Yuchengco Group's House of Investments is reducing its stake in EEI Corporation by selling 20% to RYM Business Management Corporation for P1.25 billion.
MANILA, Philippines – The Yuchengco Group implemented restructuring efforts across its conglomerate, including a reduction in its stake in the construction sector through the sale of shares to a company owned by the family of House Speaker Martin Romualdez.
Some EEI projects include the construction of the Metro Rail Transit Guadalupe bridge, part of the NAIA Skyway, the South Luzon Expressway, and the new Iloilo airport. MICO Equities is the holding company of the Yuchengco Group that holds the investments in non-life insurance through Malayan Insurance.
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