SMPH-CDC transport terminal: SMPH and Clark Development Corp (CDC) inked a leasing agreement for the development of an intermodal transport terminal on a 23,955-square-meter property in Clark Freeport’s Southern Gateway District. Premier Clark Complex, Inc. will build the four-story terminal and accompanying buildings under the terms of the agreement.
JFC plans preferred share float: JFC will seek shareholder approval for the shelf registration and listing of 20 million preferred shares, with an initial issue of up to 12 million preferred shares. This will be deducted from JFC’s increase in authorized capital to P1.43 billion with a par value of P1 per share, as well as 20 million cumulative, non-voting, non-convertible perpetual preferred shares with a par value of P1 per share.
JFC expands into property investing: JFC is changing its main purpose to enable it to invest in, buy, and sell real and personal assets in accordance with business objectives. The move was authorized by shareholders and would enable JFC to access a greater range of corporate structures, securities, and financial instruments.
FB will invest P30 billion this year in the construction of seven new feed mills in Isabela, Davao, Cebu, and Bulacan. The integrated industrial complex in Sariaya, Quezon, will be replicated.
The Alaminos solar facility has been granted permission to link to the Luzon grid: SolarAce1 Energy Corp.’s building of a transmission facility to link its 120MW peak (MWp) solar project in Alaminos, Laguna to the Luzon grid has been approved by the ERC. The plant’s production will be sold to the market on a commercial basis. AC Energy Dev’t., which was previously bought by ACEN, owns 100% of SolarAce1.