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NTT UD Asia gets Philippine clearance to acquire stake in CLI Luzon Ventures

( January 27, 2026, 08:58 GMT | Official Statement) -- MLex summary: The Philippine Competition Commission on Tuesday said it has cleared Singapore-based NTT UD Asia Pte. Ltd.’s proposed subscription to a 40 percent voting stake in CLI Luzon Ventures, a Cebu Landmasters subsidiary developing real estate in Luzon. The PCC’s review, triggered by a compulsory notification in July 2025, found the transaction unlikely to substantially lessen competition in the Metro Manila property development and property management markets, citing the presence of other major local developers.Statement follows....

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