Premiere Horizon Alliance Corp

...iba-ibang fields of investments na ito ah Tongue

PHA partners with Korean firm for expansion

PREMIERE HORIZON Alliance Corp. (PHA) is looking to venture into infrastructure, tourism, and power projects after signing an agreement with Korean firm D-Eco Energy Co. Ltd. (D-Eco) for a joint exploration into the sectors.

In a disclosure to the stock exchange on Tuesday, PHA said its Chairman, President, and Chief Executive Officer Augusto Antonio C. Serafica, Jr. signed a memorandum of understanding with D-Eco through its Chairman, Yoo In Taek.

“Both companies are studying the possible investment and partnership structures in the envisioned project companies on each of these sectors utilizing their respective resources and expertise,” the company said.

PHA said D-Eco is forming a consortium of investors who are seeking to invest in infrastructure, tourism, and power in the country.

Incorporated in 1991, D-Eco describes itself as one of the leading generator manufacturers in Korea. It exports its products to countries in Asia, Central America, South America, Oceania, Africa, the Middle East, as well as the United States, according to its website.

“To become a major industrial player in the 21st century, we are expanding our international partnerships by increasing overseas investments and offering a first-class product range (including open and sound-proof generator sets, natural gas generator sets, secondhand generator sets),” D-Eco said in its website.

Meanwhile, PHA has recently started working on two projects in infrastructure and tourism. Its infrastructure projects are being undertaken by subsidiary Redstone Construction and Development Corp. (RCDC). Last March, the company forayed into limestone mining exploration in Southern Palawan, which could pave the way for its entry into cement production.

The company said it plans to list RCDC by way of introduction once it secures the necessary approvals from regulatory bodies within the year.

For tourism projects, PHA’s units West Palawan Premier Development Corp. (WPPDC) has partnered with the Dusit Group for the development of a tourism estate project in Puerto Princesa.

WPPDC is currently developing its master-planned project in the area called North Cove Development, which spans 100 hectares.

PHA recorded a net loss attributable to the parent worth P46.8 million in the first quarter of 2018, higher than the attributable loss of P34.6 million it recorded in the same period the year before. This came amid a decline in revenues to P125.8 million for the period.

Incorporated in 1988, PHA is an investment holding firm currently valued at P696 million. The company looks to focus on projects that will spur development in the countryside, particularly in the fields of food security, natural resources development, life sciences, technology, and tourism.



...PHA news...kaya gumagalaw now Tongue

Premiere Horizon Signs Up Leechiu Property Group

Background/Description of the Disclosure
Premiere Horizon Alliance Corporation (PHA), through its tourism estate subsidiary West Palawan Premiere Development Corporation (WPP), recently signed a memorandum of agreement with real estate services firm Leechiu Property Consultants, Inc. (LPC) to be WPP’s exclusive marketing agent for its 850-hectare masterplanned township in the West Palawan corridor in Puerto Princesa City. The agreement stipulates that LPC will assist WPP in identifying and selecting the ideal strategic partner for this new tourism hub with unspoiled beaches, a mere 30 minute ride from the Puerto Princesa international airport.

Distinguished by its deep bench of seasoned real estate consultants, LPC believes that tourism opportunities in Palawan have yet to be fully tapped given the upswing in arrivals in this province named by global travel icons as one of the best islands in the world the last 5 years. Moreover, the newly renovated International airport has begun receiving direct flights from Taiwan, China and Korea, which has provided further impetus for the tourism boom in the island. 

WPP’s beach front property in Nagtabon is masterplanned as an integrated tourism community that will feature the future site of the first global hotel brand in Palawan. Horwath HTL, a global leader in tourism consulting has confirmed in a study conducted in the Nagtabon area, that global hotel brands are interested in seeking opportunities in Palawan and has specifically cited Nagtabon beach as an ideal location for a 5-star hotel brand.

As part of WPP’s development plans, it has also signed an agreement with MEDIPASS, Inc. a Japanese marketing company and a subsidiary of ND Software, a publicly-listed company in the Tokyo Stock Exchange, to be its exclusive marketing partner for the Nagtabon tourism development. Ongoing talks are being finalized as to the product that will be developed in the Nagtabon beach area that will cater to the Japanese market.

WPP is expected to generate more than Php500 million in revenue next year from lot sales and development.



...positive 'tong news na 'to...although net income loss pa rin si PHA, konting tiis PHA Tongue

Premiere Horizon Alliance takes control of 2 mining companies

PREMIERE Horizon Alliance Corp. (PHA) is taking over two mining companies, marking its entry into limestone exploration.

In a disclosure to the stock exchange on Wednesday, the listed holding firm said its board of directors has approved the conversion of its advances into infrastructure subsidiary, Redstone Construction and Development Corp. (RCDC).

This will allow RCDC to own up to 100% of Pyramid Hill Mining Industrial Corporation (PHMIC) and Palawan Star Mining Ventures, Inc. (PSMVI) which hold mineral production sharing agreements (MPSAs) covering around 10,384 hectares.

The company last March announced its investment in PHMIC and PSMVI, noting that their MPSAs contain “probable commercial quality limestone deposits located in the mineralized area of Southern Palawan.”

PHA said that RCDC has already acquired 98.88% of PHMIC and 98.55% of PSMVI as of July 11, through conversion of its advances to equity amounting to P220 million and P170 million, respectively.

With its investment in the two companies, PHA will be funding the pre-commercial development of businesses including cement production, agricultural lime production, and bio-mass plantation projects.

“The company envisions that the targeted businesses will greatly assist the country’s sustainability and inclusivity objectives in general, and the province of Palawan in particular, specifically in the areas of infrastructure, renewable energy and food security,” PHA said in an earlier disclosure.

The pre-commercial development is estimated to cost up to P500 million, which will cover the generation of limestone resource identification and validation reports, preparation of project feasibility studies, environmental protection programs, and inclusive community development plans and programs. It will also cover the cost for securing government regulatory permits and licenses.

The Philippine Stock Exchange (PSE) has suspended trading of PHA’s shares on Wednesday morning following the disclosure, until such time that the company convey more details about the deal.

“After a careful review of the disclosure submitted by the Company, the Exchange deems that the above-mentioned transaction is covered by the Disclosure for Substantial Acquisitions and Reverse Takeovers of the Disclosure Rules,” the PSE said in a notice posted to its website.

PHA’s market capitalization stood at P736.48 million with a share price of 37 centavos each as of Tuesday’s session.

The company recorded a net loss attributable to the parent of P47.8 million in the first half of 2018, the same level of attributable loss it posted in the same period a year ago. Gross revenues fell by 26% to P254 million during the January to June period. 


9-19! ayos na news 'to Tongue

SEC approves Premiere Horizon unit’s listing

PREMIERE Horizon Alliance Corp. (PHA) has obtained the nod of the Securities and Exchange Commission
(SEC) for its subsidiary’s planned listing by way of introduction.

The SEC authorized PHA’s unit Premiere Georesources and Development Inc., formerly known as Redstone Construction and Development Corp., to list shares on the Philippine Stock Exchange. The regulator also approved its plan to transform into an infrastructure company.

Premiere Georesources said the move aimed to take advantage of the booming construction industry on the back of the government’s Build, Build, Build program.

In July this year, PHA partnered with Korean firm D-Eco Energy Co. Ltd. to diversify into the infrastructure, tourism, and power businesses.

In the same disclosure, PHA said it also secured approval for its planned increase in authorized capital stock from P100 million, divided into 100 million shares with a par value of P1.00 per share, to P650 million divided into 6.5 billion shares with a par value of 10 centavos per share.

The SEC also approved the increase in the number of the company’s directors to nine from five.

Premiere Horizon is currently undertaking two projects in the infrastructure segment, anchored on the limestone assets of Premiere Georesources. It is also developing a tourism estate in Puerto Princesa City through its West Palawan Premiere subsidiary.

In March this year, Premiere Horizon announced it was spending P500 million this year in two companies— Palawan Star Mining Ventures, Inc. and Pyramid Hill Mining Industrial Corp.—that are holders of Mineral Production Sharing Agreements (MPSAs) covering some 10,384 hectares in Southern Palawan that contain probable limestone deposits.

The investment will be used to finance the pre-commercial development of a facility fit for cement production, lime production, and bio-mass plantation projects and other related development costs, including the securing of government regulatory permits and licenses.



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