MEDIA RELEASE: Philippines' Omnilines Energy International forges strategic joint venture partnerships with Taiwanese Group in Taipei for cement manufacturing and major construction activities
Chairman Raul De Mesa (seated 2nd from right) Chairman of Abacore Capital Holdings, Inc. and authorized representative of wholly-owned subsidiary Omnilines Energy International signs a strategic agreement and partnership with Chairman Feng Yi Lin (seated 2nd from left) of Taiwan’s Premiere-Slag International, Tuesday, September 3, 2019 to jointly pursue projects in cement manufacturing and major construction activities. Also present were Formosa Plastics Group Chairman Wong Wen-yuan and Kung Sing Engineering Corporation Pan Chun-Jung (standing 2nd and 3rd from left, respectively), representing two of Taiwan’s largest manufacturing and engineering companies. Batangas Governor Hermilando I. Mandanas (standing, righmost) and Abacaore Capital Holdings President Regina Ongsiako-Reyes Mandanas (seated rightmost) were also present to witness the signing of the landmark partnership agreements. Also in the photo are Mr. Chan Cehng-tien (standing leftmost), Vice Chairman of Taiwan’s Chinese National Federation of Industries and Mr. Benny T. Hu, Chaimran of Senhwa Biosciences (seated leftmost)
(Taipei, Taiwan 10 September 2019) Philippine company Omnilines Energy International, an affiliate of Abacore Capital Holdings, forged strategic joint venture partnerships in a signing ceremony held Tuesday, 3 September 2019 at the Taipei Marriot Hotel. Mr. Raul De Mesa, currently Chairman of Abacore Capital Holdings and former Chairman of the Bank of Commerce, signed several agreements, on behalf of Omnilines and RBM Holdings with Chairman Feng Yi Lin of Taiwan’s Premiere-Slag International, Inc. to pursue major business ventures involving cement manufacturing and possible participation in construction projects in the Philippines under the Build Build Build program and local government infrastructure projects.
Present to support the business venture during the signing were some of Taiwan’s most important Taipans, such as Chairman Wong Wen-yuan, Chairman of the Taiwanese petrochemical and energy giant Formosa Plastics Group and Chairman Pan Chun-Jung of Kung Sing Engineering Corporation, one of Taiwan’s largest construction and engineering firms. Abacore President and CEO Ms. Regina Ongsiako-Reyes Mandanas joined the landmark signing ceremonies.
Governor Hermilando I. Mandanas of Batangas Province, where the joint venture projects will primarily be based, was also present during the event. The businesses to be undertaken under this agreement are foreseen to generate thousands of jobs in the province of Batangas.
Taipei, 14 September 2019 - Trade Representative Michael Alfred Ignacio, MECO Director of Commercial Affairs, delivered the Philippine Country Presentation at today’s South East Asia Conference organized by the Straits Exchange Foundation at Grand Mayfull Hotel in Taipei today, to promote the PHILIPPINES as a prime investment destination for Taiwanese companies looking at their next manufacturing base in South East Asia.
The event, which was widely attended by some 100 Taiwanese businessmen and executives currently operating in China, was formally opened by the Foundation’s Chairperson Ms. Katharine Chang and Director General Emile Chang of the Department of Investment Services of the Ministry of Economic Affairs.
A powerful testimonial was delivered by top executives of Major Taiwanese companies heavily invested in the Philippines such as the MSK Group and The Triboa Majestic Bay.
TAIWANESE firm Cal-Comp Technology (Philippines) Inc. has refiled its registration statement with the Securities and Exchange Commission (SEC), hoping to become public also before end of the year.
Cal-Comp in its filing said it will offer some 371.42 million shares for its primary offering with an overallotment option of 55.71 million secondary shares for up to P25 apiece, or raising a total of P10.68 billion.
The company expects to net P8.8 billion from the maximum offer, 40 percent of which will be used for facilities expansion, 30 percent for capital expenditure, 15 percent for debt repayment, 12 percent for research and development and 3 percent for working capital.
Proceeds from the overallotment option amounting to P1.32 billion will go to the selling shareholder Kinpo International (Singapore) Pte. Ltd.
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