CPVDCCebu Property Ventures and Development Corp. (Cebu City, Philippines)
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In a press statement on 29 January 2014 , ALI disclosed its assignment to CPVDC and CHI of the right to subscribe to 10% and 5%, of the authorized capital stock of the joint venture company (JVC).
CPVDC, a subsidiary of CHI, on the other hand, is the developer of Cebu I.