PT&T appoints Roberto Ortiz as chairman
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PSEi revised, ACEN and CNVRG added
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July 21, 2021
PASIG CITY, Philippines, July 22, 2021 /PRNewswire/ Premiere Horizon Alliance Corporation (PHA), listed on the Philippine Stock Exchange (PHA:PM), is pleased to announce it has entered into a Put Option Agreement (POA) with LDA Capital (LDA) for up to PHP 2,800,000,000 in committed equity over the next thirty-six months.
LDA s investment will help accelerate PHA s expansion projects focused on the growing real estate sector and emerging fintech industry. The capital will also be used to advance the development of SquidPay Technology, a convenient and efficient payment experience for Filipinos, which will be integrated by Q3 of 2021.
PHA will be able to access the equity financing by exercising Put Options whereby PHA has the right, but not the obligation, to draw down from the equity at its discretion. The first Put Option Notice (PON) will be completed within 45 days.
Published January 25, 2021, 8:00 AM
Premiere Horizon Alliance Corporation (PHA) is venturing into technology-driven agribusiness following the entry of its new partners, the principals of SquidPay Technology Inc.
In a disclosure to the Philippine Stock Exchange, PHA said it will be pursuing opportunities in the AgriTech sector through its existing subsidiary, PH Agriforest Inc.
“PHA aims to leverage on the fintech expertise of its (SquidPay) in the use of technology in agriculture, forestry and aquaculture, to maximize yields and efficiency,” the firm said.
It explained that, “Instead of traditional agriculture practices, PHA will utilize proven Agritech methodologies that focus on comprehensive data collection, analytics and models, and other technological innovations which seek to achieve faster planting, better harvest, lower production cost and optimized market acceptance of products.”