Merger of BDO Unibank, Inc. and SM Keppel Land, Inc.
File/Ref. No. FSD III-2024-07-0191n-FSD3-M-PROSB OFFICE OF THE DEPUTY GOVERNOR | FINANCIAL SUPERVISION SECTOR 053 CIRCULAR LETTER NO. CL-2024-___ To : All BSP-Supervised Financial Institutions Subject : Merger of BDO Unibank, Inc. and SM Keppel Land, Inc. The Securities and Exchange Commission approved on 18 November 2024 the Articles and Plan of Merger executed on 25 April 2024 and 22 March 2024, respectively, by and between BDO Unibank, Inc. (BDO), the surviving corporation, and SM Keppel Land, Inc. (SMKL), the absorbed corporation, whereby the entire assets and liabilities of SMKL will be transferred to and absorbed by BDO. The subject merger was approved by the Monetary Board, in its Resolution No. 1206 dated 16 October 2024, subject to certain conditions. The merger took effect on 1 December 2024. Digitally signed by For information and guidance. Chuchi G. Fonacier Date: 2024.12.06 18:09:07 +08'00' CHUCHI G. FONACIER Deputy Governor 06 December 2024 FSS Licensing Form No. 02-018 * Version 1 * Updated 31 July 2024
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