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Robbie Antonio, Founder, Revolution Precrafted
February 19, 2021
Editor’s note: Robbie Antonio, the founder of the luxury prefab construction firm Revolution Precrafted, is being probed by the National Bureau of Investigation (NBI) in the Philippines for allegedly duping suppliers and contractors. Meanwhile, DealStreetAsia has received a notice, dated Feb. 1, from Lambert Worldwide, representing Antonio, to take down our investigative articles into the company.
We are republishing the two articles, published on Feb. 21, 2020 and March 2, 2020, as free reads below.
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Slow projects, small fundraising dim Revolution Precrafted’s unicorn halo
BusinessWorld
February 19, 2021 | 6:01 pm
Revolution Precrafted Properties Inc. is discussing potential settlements with suppliers and contractors that filed complaints against the start-up company with the National Bureau of Investigation (NBI).
According to ABS-CBN News, nine contractors and suppliers filed the complaints about allegedly questionable contracts for Revolution Precrafted’s real estate projects, in which they paid 10% of the contract value to become the preferred suppliers.
The complainants claimed they were duped out of P150 million after finding that Revolution Precrafted failed to secure government permits for the projects and did not return their payments.
Revolution Precrafted in a statement Friday said that it is complying with the authorities.
Published February 1, 2021, 8:00 AM
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an exponent of Philippine progress.
Kevin L. Tan: Magnate in the Making
It must be hard to imagine what a day – or what a conversation – might be with Kevin L. Tan, the eldest son of tycoon Andrew L. Tan. When Kevin took the helm of Alliance Global Group Inc. (AGI) in 2018, he became the country’s youngest CEO of a multi-billion conglomerate.
January 22, 2021 | 7:01 pm Font Size
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THE Securities and Exchange Commission (SEC) has approved the public offering of Century Properties Group, Inc. of up to P3 billion worth of fixed rate bonds.
In a statement on Friday, SEC said it had given the green light to Century Properties’s registration that covers up to P2 billion of three-year bonds due in 2024. The bonds have an oversubscription option of up to P1 billion pesos subject to certain requirements.
According to the SEC, the company expects to raise up to P2.94 billion from the offer, as long as the oversubscription option is fully exercised.