LBC investment

Orient Freight International, a wholly-owned subsidiary of Rayomar Management, approves a 30-percent strategic investment into the company by LBC Express Holdings Inc., the country’s leader in express logistics services with over 6,400 branch offices, hubs and agents. Signing of the memorandum of agreement are (seated, from left) Orient Freight chairman Jose Ramon Garcia, LBC Development Corp. chairman Santiago Araneta, Rayomar chairman Ramon Garcia and LBC Holdings chairman and chief executive Miguel Camahort.  With them are (standing, from left) Orient Freight corporate secretary Glenn Mangaoil, LBC chief financial officer Enrique Rey and Orient Freight vice president Rene Garcia.