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In September last year, AIC inked a P25-billion share subscription and transfer agreement to buy a stake in the GMR-Megawide Cebu Airport Corp., the consortium operating MCIA.
Source: https://business.inquirer.net/397636/aboitiz-group-eyes-3-new-airport-deals-this-year
The IC said it has received reports that the MCIA Group has ignored the CDO and continued to sell pre-need plans sans a license issued by the regulator.
Source: https://businessmirror.com.ph/2023/06/16/ic-may-file-criminal-suit-vs-pre-need-plans-seller/