MRC Allied, Inc. (PSE:MRC) signed a Memorandum of Agreement to acquire 33% stake in PT&T Corp. on February 27, 2023. MRC Allied, Inc will acquire 500 million share of PT&T Corp.

As of April 27, 2023, the parties mutually agreed to extend the execution of the Terms of Reference to another sixty (60) days. The parties further agreed to move the original closing period to another date to be determined by the parties during the execution of the Terms of Reference.