Mergers and Consolidations.
Section 5
SEC. 5. Mergers and Consolidations.—The provisions of this Act shall apply to any merger, consolidation, syndicate or any other combination of firms, associations, partnerships or other forms of business organization that will result in ownership or control by persons or entities that are not Philippine nationals of more than thirty percent of the capital of whatever organization results from the merger, consolidation, syndicate or other combination.