SEC Approves Merger of BDO Subsidiaries

(PHStocks) – The Securities and Exchange Commission (SEC) approved the merger of the following wholly-owned subsidiaries of BDO Unibank Inc. (PSE: BDO): BDO Strategic Holdings Inc. (BDOSHI), Equitable Card Network Inc., EBC Strategic Holdings Corp., BDO Technology Center Inc., and Strategic Property Holdings Inc., with BDOSHI as the surviving corporation.

Equitable Card Network, Inc., EBC Strategic Holdings Corp., BDO Technology Center Inc. and Strategic Property Holdings, Inc. all cease to exist.

This Merger has been undertaken as part of the streamlining of the BDO Group’s organizational structure. BDO’s investment in its subsidiaries did not increase as a result of this exercise.

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