Corporate

Universal Robina Corp., the food manufacturing arm of the Gokongwei Group, said Friday it has decided to exit the Chinese market, stopping its manufacturing and sale of its cereals and snacks brands in China. Full closure is expected by 2025.URC said the move is part of its broader strategy to redeploy resources to higher-growth markets across the region.

Hexaware Technologies, an IT services and solutions provider owned by the Carlyle Group, has expanded its operations in the Philippines with the opening of a new delivery center in Manila.

DigiCo, formerly known as Limitless Growth Ventures Inc., has acquired Multipay from Multisys Technologies Corp. for P250 million. 

DigiCo, a digital company owned by the MVP Group, on Thursday announced the acquisition of a 10 percent stake in Bayan Center Inc. for P320 million. 

Home improvement and construction finishing retailer Wilcon Depot Inc. reported first-half income falling 17 percent to P1.5 billion from last year’s P1.81 billion as sales proved static. Net...