Filinvest Land, Inc. (PSE:FLI) entered into an agreement to acquire Niyog Property Holdings, Inc. from Rizal Commercial Banking Corporation (PSE:RCB) for approximately PHP 540 million on March 27, 2023. Under the terms, PHP 391.42 per share shall be paid. Thirty Percent (30%) down payment to be paid on closing date and the seventy percent (70%) remaining balance to be paid in five years thereafter. The board of directors of Rizal Commercial Banking Corporation approved the sale of Niyog Property Holdings. The transaction is subject to completion of Filinvest Land's due diligence and compliance with conditions to be agreed by the parties.

Filinvest Land, Inc. (PSE:FLI) acquired Niyog Property Holdings, Inc. from Rizal Commercial Banking Corporation (PSE:RCB) on July 14, 2023.