Premiere Horizon Alliance Corp. plans to team up with D-Eco Energy Co. Ltd. of South Korea for a possible venture into infrastructure, tourism, and power sectors.
Premiere Horizon said in a disclosure to the stock exchange it signed a memorandum of understanding with D-Eco Energy to study possible investment and partnership structures utilizing their respective resources and expertise.
The groups’ venture into infrastructure and tourism development is in support of the Duterte administration’s thrust on sustained countryside development, according to Premiere Horizon.
D-Eco is a Korean company engaged in the power business and allied industries and is forming a consortium of investors who are looking at infrastructure, tourism and power sectors.
Premiere Horizon is a countryside enabler and has been undertaking two landmark projects in the infrastructure and tourism sectors.
Premiere Horizon through subsidiary Redstone Construction and Development Corp., is investing in infrastructure projects.
The company said it was set to hold a listing by way of introduction in the second half, subject to regulatory approval by relevant agencies.