PetroEnergy sells 25% equity in RE unit to Japanese firm
Date Published: September 27, 2022
Source: https://mb.com.ph/
The renewable energy investment arm of Yuchengco-led PetroEnergy Resources Corporation (PERC) sold 25 percent of its shareholdings to Japanese firm Kyuden International Corporation (KIC), a wholly owned subsidiary of Kyushu Electric Power Co. Inc.
In a statement to the media, the Yuchengco company said the shares divestment will come from PetroGreen Energy Corporation (PGEC), which handles the group’s wind and solar farm installations as well as its geothermal facility development.
PERC emphasized that its board of directors already approved the signing ...
Multinational consortium bags $11 billion Sangley Point International Airport Project
Date Published: September 27, 2022
Source: https://news.abs-cbn.com/
MANILA – The Province of Cavite has formally given the Notice of Award to the SPIA Development Consortium for the development of the $11 billion Sangley Point International Airport, a consortium member said Thursday.
The SPIA Development Consortium is led by infrastructure developer Cavitex Holdings Inc, financial firm House of Investments Inc and Samsung C & T Corp, with other members including LT Group’s aviation service arm MacroAsia Corp, Munich Airport International GmbH, and Ove Arup & Partners Hong ...
Yuchengco holding firm profit gets a boost from asset sale
Date Published: September 2, 2022
Source: www.bilyonaryo.com/
House of Investments (HI) booked a 29 percent spike in its first half earnings to P1.12 billion, largely because of a gain from the sale of shares and higher contributions from the automotive and education businesses.
The Yuchengco conglomerate led by Helen Yuchengco-Dee reported a P389.2 million gain on sale of shares, making up for the drop in revenues.
Revenues dipped 12 percent to P10.65 billion, primarily due to lower revenues from the construction segment due to lower production particularly from ...
SPIA bags $11-B Sangley airport contract
Date Published: September 2, 2022
Source: https://business.inquirer.net/
The Virata-Yuchengco-led SPIA Development Consortium is poised to bag next month the contract to build and operate the $11-billion Sangley Point International Airport (SPIA) project after successfully hurdling the competitive challenge made by the Cavite government.
According to a document sent to the Inquirer, Leonides Virata of SPIA Development Consortium member Cavitex Holdings Inc. was invited by the local government to attend the awarding and signing ceremony of the much-awaited airport project, tentatively scheduled for Sept.14.
This, after the Cavite government’s ...
Yuchengcos see Sangley airport as new premier gateway
Date Published: July 14, 2022
Source: www.philstar.com
MANILA, Philippines — The Yuchengco Group is optimistic on the viability of the Sangley Point International Airport in Cavite as the country’s future premier international gateway, its chairperson Helen Yuchengco-Dee told The STAR.
The House of Investments (HI), the investment holding and management company of the Yuchengco Group, is one of co-lead Philippine proponents of the consortium behind the Sangley airport project.
“We participated in this consortium, which submitted the unsolicited proposal last November 2021, because we like the development proposition ...
Cavite opens Swiss challenge process for Sangley airport
Date Published: July 11, 2022
Source: https://www.bworldonline.com/
CAVITE province said it is soliciting alternate bids challenging the unsolicited proposal submitted by the SPIA Development Consortium, which is seeking to redevelop the Sangley Point military airfield into an international airport.
“We are waiting for the 30-day Swiss challenge,” Cavite Governor Juanito Victor C. Remulla, Jr. told BusinessWorld in a phone message on Tuesday, when asked for an update on the project.
Cavite has been pushing for a Sangley Point International Airport as an alternative to the Ninoy Aquino International Airport (NAIA), the ...
PetroEnergy to develop offshore wind farms with foreign partner
Date Published: July 5, 2022
Source: https://bworldonline.com
PETROENERGY Resources Corp. is planning to develop the three offshore wind power projects in its pipeline with a foreign partner, the Yuchengcos’ energy arm said in a regulatory filing on Tuesday.
“These projects will be developed by PGEC (PetroGreen Energy Corp.) alongside a foreign partner,” the listed company said in its information statement submitted to the Philippine Stock Exchange.
PetroEnergy did not disclose the identity of the foreign partner nor the status of its partnership, but it said one of the ...
House of Investments buys A.T. Yuchengco Centre
Date Published: June 21, 2022
Source: www.bworldonline.com
HOUSE of Investments, Inc. (HI), the investment holding and management company of the Yuchengco group, has approved the purchase of A.T. Yuchengco Centre from its affiliate bank Rizal Commercial Banking Corp. (RCBC) for P6.07 billion.
The purchase is part of the firm’s long-term plans to consolidate the property interests of the conglomerate.
“This is part of our strategy to realign the businesses of YGC, and strengthen the conglomerate’s position with a more holistic approach in the property development and management sector,” ...
Yuchengco’s House of Investments gains P390M from Japanese trading firm Sojitz’s initial 15% stake in its Makati project
Date Published: May 18, 2022
Source: www.bilyonaryo.com
House of Investments (HI) chaired by bilyonaryo Helen Yuchengco-Dee booked a chunk of cash from the initial investment of sogo sosha Sojjitz into its Makati project.
Sojitz, which was formed from the merger of Nissho Iwai and Nichimen Holdings in 2004, bought a 15 percent stake in HI’s wholly-owned subsidiary, San Lorenzo Ruiz Investment Holdings and Services (SLR), for P674.2254 million on 23 February 2022.
HI said the purchase yielded P389.17 million in gains for the publicly-listed holding firm..
Two weeks before ...
YGC Core Values
Date Published: April 4, 2022
Source: www.youtube.com
PetroGreen’s offshore wind projects lead new ventures endorsed for SIS
Date Published: January 18, 2022
Source: https://powerphilippines.com
Yuchengco-led PetroGreen Energy Corporation’s offshore wind projects lead the list of ten power ventures that the Department of Energy (DOE) endorsed to the National Grid Corporation of the Philippines (NGCP) for system impact study (SIS) last December.
PetroGreen’s largest project in the list is the 2,000-megawatt (MW) Northern Luzon Offshore Wind Power Project off the coast of Burgos, Bangui, and Pagudpud in Ilocos Norte. Based on the Global Wind Atlas (GWA), the area has a maximum wind speed of around ten ...
EEI Corporation raises P6B from preferred sale
Date Published: January 18, 2022
Source: https://propertyreport.ph
EEI Corporation (EEI) listed its Series A and Series B preferred shares at the Philippine Stock Exchange (PSE) on Thursday, December 23. The preferred shares are traded under the stock symbols EEIPA and EEIPB.
EEI raised Php6 billion from the share issuance which will be used to finance the company’s future projects, pay short term loans, acquire new equipment and for general corporate purposes.
(from left, by row): EEI Chairperson Helen Y. Dee, PSE President and CEO Ramon S. Monzon, ...
EEI, 90 years of building a better future for the next generation
Date Published: November 19, 2021
Source: philstar.com
MANILA, Philippines — In a world where companies come and go, only a few stood the test of time. One such company is the EEI Corporation (EEI), which marks this year its 90th anniversary.
Founded in 1931 as a machinery and mills supply house called Engineering Equipment and Supply Co. (EESCO), EEI soon expanded its operations to steel fabrication, metal works, general machine work and other services.
As the years progressed, the company dipped its fingers in other fields such as ...
eCarga: A new digital logistics platform for shippers and truckers
Date Published: October 6, 2021
Source: bworldonline.com
Truck delivery services will be more accessible in a few taps with EEI Carga Digital Logistics Corporation, more known as eCarga, a Filipino-made digital logistics platform backed by EEI Corporation.
eCarga uses several online platforms to provide logistics solutions and make the delivery process convenient and efficient for shippers, truck owners, and drivers.
“EEI Carga was formed to address the demand from shippers, who are looking for convenient ways to reach professional truckers in the fulfillment of their cargo transport needs ...
Helen Yuchengco Dee on a high as House of Investments posts outstanding turnaround
Date Published: August 10, 2021
Source: bilyonaryo.com
Yuchengco-led House of Investments is back in the black with a P610.8 million profit in the first half from a loss of P296.4 million, buoyed by the strong performance of its construction and education businesses.
Yuchengco-led House of Investments is back in the black with a P610.8 million profit in the first half from a loss of P296.4 million, buoyed by the strong performance of its construction and education businesses.
HI likewise attributed the strong bounceback to cost-reduction efforts implemented by ...