Stateland: Stateland now a subsidiary of Suntrust Properties

PROPERTY developer Stateland Inc. is now a subsidiary of real-estate firm Suntrust Properties Inc. with the government's approval of their merger. The Philippine Competition Commission (PCC) gave its green light to Suntrust's 96.87-percent acquisition of the issued and outstanding capital stock of Stateland which will now be a majority-owned subsidiary of Suntrust. In a two-page [...]