Consolidation streamlines operations, governance, and financial management
30 September 2026 — Century Properties Group Inc. (CPGI) announced that the Securities and Exchange Commission has approved its merger with PHirst Park Homes Inc. (PHirst), with CPGI as the surviving corporation.
Pursuant to Section 79 of the Revised Corporation Code of the Philippines, upon the effectivity of the merger, CPGI will continue as the surviving corporation, while PHirst will cease to exist as a separate juridical entity. All assets, properties, receivables, rights, privileges and interests of PHirst will, by operation of law, be transferred to and vested in CPGI, which will likewise assume all of PHirst’s liabilities and obligations. The merger will not affect the rights of creditors or existing liens, and any pending claims, actions or proceedings involving PHirst may continue by or against CPGI as the surviving corporation. The merger is intended to consolidate the businesses, assets and operations of CPGI and PHirst under a single corporate structure, resulting in a more streamlined and integrated organization.
“This merger advances our goal of building a simpler and more agile listed company,” said Marco Antonio, President and Chief Executive Officer of CPGI. “It supports disciplined capital allocation and provides a stronger platform to scale our first-home residential business alongside our diversified real estate
portfolio.”
PHirst is CPGI’s platform for complete, accessible, and well-planned communities for Filipino families. Bringing the business directly under the listed parent is expected to improve strategic alignment, governance, transparency, and execution while reducing duplicated functions.
“The combined structure will simplify oversight of capital, resources, tax assets, and compliance,” said Rodel Marqueses, Chief Financial Officer of CPGI. “Greater visibility over financial performance and more efficient resource deployment should support long-term stockholder value.”
The merger follows the required approvals of the boards and stockholders of both companies. CPGI expects the integrated structure to improve decision-making, financial discipline, and sustainable growth.
