Construction firm EEI Corp. is bailing out one subsidiary from ₱11.42 billion in debt while consolidating two units into another subsidiary to create a “pure-play” real estate company for a future initial public offering (IPO). In a disclosure to the Philippine Stock Exchange (PSE), EEI said...
Construction firm EEI Corp. (EEI) has so far won ₱19.1 billion worth of new projects in the third quarter of 2025, increasing its total backlog or unworked portion of existing contracts to ₱39.24 billion as of the end of August this year. This comes after the company has been awarded the...
EEI Corp. is shifting its business model from a pure-play construction company to an integrated property and infrastructure developer, a move that will see it leverage its 139-hectare land bank for a series of real estate projects. The firm disclosed to the Philippine Stock Exchange that this...
Construction firm EEI Corp. (EEI) is expecting stronger revenues moving forward as total backlog or unworked portion of existing contracts jumped 40 percent to ₱36.85 billion at end-July 2025 from ₱26.39 billion in the second quarter of 2024. The firm noted that it is regaining momentum after...
PH Resorts Group Holdings Inc., the integrated resorts unit of Davao tycoon Dennis A. Uy’s holding company Udenna Corporation, assures the Philippine Stock Exchange that it can wipe out its negative stockholders’ equity with the conversion of shareholders’ advances to common shares. However,...
Construction firm EEI Corp. reported that it has received the notice of award from the Department of Public Works and Highways (DPWH) for the design and build of the ₱15.75-billion first phase of the Philippine International Exhibition Center (PIEC). In a disclosure to the Philippine Stock...
Former Finance Secretary Dr. Roberto F. de Ocampo is retiring as Chairman of Philippine Veterans Bank, and this will be formally announced during that bank’s annual stockholders’ meeting tomorrow. The bank stated that De Ocampo has formally expressed his intention to retire, a decision approved...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. is relying on potential partnerships with EEI Corporation and AppleOne Group of Cebu to pay off debts, including that of its Bohol resort, and buy back land for its Mactan casino project. In a disclosure to the Philippine Stock Exchange,...
EEI President and CEO Henry D. Antonio Construction firm EEI Corp. reported that its President and CEO Henry D. Antonio has bought out the stake of House Speaker Martin Romualdez’s RYM Business Management in the company to become its biggest shareholder. In a disclosure to the Philippine Stock...
EEI Corporation, an affiliate of the Yuchengco Group, is raising P6 billion from the issuance of preferred shares to fund its real estate and power businesses. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board had approved the issuance of 60 million preferred shares,...
Davao tycoon Dennis A. Uy may have found a new partner in the Yuchengco Group's construction affiliate, EEI Corporation, for the development of his Emerald Bay Resort and Casino Project in Mactan, Cebu. In a disclosure to the Philippine Stock Exchange (PSE), Emerald Bay owners PH Resorts Group...
Construction firm EEI Corporation is raising P2 billion from the private placement of preferred shares to pay for loans and fund future projects. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of directors has approved the proposed issuance of 20 million Series C...
