Premiere Horizon Alliance eyes infra, power, tourism projects

Premiere Horizon Alliance Corp. (PHA) is eyeing projects in the infrastructure, tourism and power sectors in possible partnership with Korean company, D-Eco Energy Co. Ltd. (D-Eco).

PHA’s infrastructure subsidiary Redstone Construction and Development Corp. is set to do a listing by way of introduction within the year subject to regulatory approval by relevant agencies.

Listing by way of introduction allows a company to join the Philippine Stock Exchange (PSE) without having to sell shares.

“The infrastructure project will mainly be anchored on the limestone assets of Redstone Construction,” PHA said in a disclosure to the Philippine Stock Exchange.

PHA has signed a memorandum of understanding with D-Eco to actively explore joint ventures.

“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,” PHA said.

D-Eco is engaged in the power business and allied industries. It is forming a consortium of investors who are looking at investing in infrastructure, tourism and power.

PHA is also building a masterplanned tourism estate in Puerto Princesa City that brings together serene mountainside resorts and beach retreats through its West Palawan Premiere subsidiary.