Cebu Property Ventures and Cebu Holdings Corporation today declared cash dividends of P0.10 and P0.07 per share, respectively, following the regular meeting of its Board of Directors.

Assistant Corporate Secretary Renan Osero, in a letter addressed to the Securities and Exchange Commission and the Philippine Stock Exchange, revealed that the Board of Directors of the said companies have approved the declaration and payment of cash dividends to all outstanding shares of the Company as of record date December 1, 2009 payable on December 22, 2009.

The Stock and Transfer Books of the two companies will be closed for the transfer of shares from 25 November 2009 to 01 December 2009.