Premiere Horizon Alliance Corporation (PHA) recently signed a Memorandum of Understanding (MOU) with D-Eco Energy Co., Ltd. (D-Eco) to actively explore joint ventures in the infrastructure, tourism and power sectors. Both companies are studying the possible investment and partnership structures in the envisioned project companies in each of these sectors utilizing their respective resources and expertise. D-Eco is a Korean company engaged in the power business and allied industries and is forming a consortium of investors who are looking into investing in the same infrastructure, tourism, and power sectors in the Philippines.
Premiere Horizon is a countryside enabler and has been undertaking two landmark projects in the infrastructure and tourism sectors. The infrastructure project will mainly be anchored on the limestone assets of its infrastructure subsidiary, Redstone Construction and Development Corporation, which is set to do a Listing By Way of Introduction within the year subject to regulatory approval by relevant agencies. PHA is also developing a master-planned tourism estate in Puerto Princesa City that brings together serene mountainside resorts and beach retreats through its West Palawan Premiere subsidiary.
The MOU was signed by Augusto Antonio C. Serafica, Jr. Chairman and President & CEO of PHA and Mr. Yoo In Taek,Chairman of D-Eco.