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Tiu’s PHL Infradev Creates China Subsidiary

Infra News - Published on Wed, 21 Aug 2019

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Infradev Holdings Inc has successfully incorporated a wholly owned subsidiary in Jiangsu, China which will handle procurement processes for the company. The Antonio L. Tiu-led firm told the stock exchange that Jiangsu Rizal Infradev Co Ltd is now registered in the Jiangsu Province with a registered capital of USD 10 million.

It said that “The company shall be the corporate vehicle that will be used by Philippine Infradevto do the procurement, financing, financial leasing, commercial trading and guarantee, among others.”

However, Philippine Infradev first announced the plan to incorporate a China unit in June.

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Posted By : Mohan Sharma on Wed, 21 Aug 2019
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