Chinook Capital Holdings Corporation cancelled the acquisition of 29.99% stake in Meridian Assurance Corporation from Philippine Realty and Holdings Corporation.

Chinook Capital Holdings Corporation agreed to acquire 29.99% stake in Meridian Assurance Corporation from Philippine Realty and Holdings Corporation (PSE:RLT) on January 16, 2018. As part of the acquisition, Chinook Capital Holdings Corporation will acquire 0.75 million shares of Meridian Assurance Corporation. The acquisition was approved by the board of directors of Philippine Realty and Holdings Corporation. Chinook Capital Holdings Corporation cancelled the acquisition of 29.99% stake in Meridian Assurance Corporation from Philippine Realty and Holdings Corporation (PSE:RLT) on July 21, 2020.