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Friday, 05 February 2016 10:13

FPH injects $21M into transformer manufacturing business

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The Philippines: First Philippine Holdings (FPH) is looking to strengthen its transformer manufacturing business with a $21 million investment into the First Philec group.

The injection into First Philippine Electric Corp. (First Philec) and First Philec Inc. (FPI) will be made in the form of loan, equity or advances, reports Inquirer.

FPI, which is engaged in manufacturing transformers, is a subsidiary of First Philec.

Source: Inquirer

Additional Info

  • Continent: Asia
  • Category: Business