Google Search
syndicate
We have 46 guests online
adsense links
Home 
Featured Philippine Skyscraper Solid Group to spend P550M for projects
Featured Philippine Skyscraper Solid Group to spend P550M for projects
| Solid Group to spend P550M for projects |
| Tuesday, 03 June 2008 11:00 | ||
|
In a financial report, Solid Group said the amount would be set aside as its working capital for the year and would be used to complete the first phase of its Tri-Tower residential condominium project, construction and development of a real-estate project in China, and upgrade of its data and cable Internet and satellite equipment under Solid Broadband Corp. Solid Group said the capex would be financed through a combination of internally generated funds and borrowings. Zen Towers Corp., Solid Group's property subsidiary, is undertaking its initial project, the Zen Tri-Tower condominium building in Manila’s Ermita district, which is estimated to cost P1.5 billion. Solid Group recently acquired Phil-Nanning Consortium Inc., a Philippine company doing a 3.9-hectare property project in Nanning City, in China’s Guangxi province, in a China-ASEAN business district. The project involves construction of several multistory buildings intended for residential, commercial and office use. Part of the project is construction of a Philippine Pavilion for the use of the Philippine government in China.
Set as favorite
Bookmark
Email This
Hits: 159 Trackback(0)
Comments (0)
 Write comment
|
TrackBack URI for this entry
Subscribe to this comment's feed
| Related Articles | |
