House of Investments, Inc. (PSE:HI) entered into an agreement to acquire 51% stake in Sun Life Grepa Financial, Inc. from GPL Holdings Corporation for approximately PHP 880 million on April 25, 2023. As part of the agreement, HI will issue 221,716,590 common shares to GPLH. The deal is subject to the Approval of Regulatory board and antitrust Regulations and approval by House of Investments, Inc. (PSE:HI) shareholders. On April 25, 2023, the board of directors of HI approved the agreement with GPL. On July 21, 2023, the board of directors of HI approved the agreement. The transaction was approved by SEC on December 29, 2023.

House of Investments, Inc. (PSE:HI) completed the acquisition of 51% stake in Sun Life Grepa Financial, Inc. from GPL Holdings Corporation on December 29, 2023.