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LDA Capital and existing creditors back Premiere Horizon s growth strategy through a PHP 2 8 billion funding commitment and debt reduction

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.

PHA to venture in tech agribusiness

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.”

SquidPay taps MultiSys to upgrade digital platforms

BusinessWorld January 22, 2021 | 10:00 am Fastest-growing payment solutions provider SquidPay has tapped leading software solutions company Multisys Technologies Corporation to upgrade its existing system platforms. SquidPay is a major shareholder of Premiere Horizon Alliance Corporation one of the top gainers in share price among the publicly-companies in the local bourse holding 55 percent stake in the investment holding company. Through the partnership, MultiSys will provide its expertise in system development and integrations that will give a boost to SquidPay’s various financial services like bills payment, remittance, bank transfers, over-the-counter transactions, and SquidPay kiosk machines. SquidPay CEO Marvin Dela Cruz said, “Since onboarding, MultiSys has only shown tangible results and hard efforts to support PHA and SquidPay. I have personally witnessed its founder David Almirol when he was just starting when he was growing; and through all those

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