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Wednesday, July 04, 2007

Filinvest Enters into the Sugar Cane Business

Filinvest Enters into the Sugar Cane Business | One Alternative Energy Blog | Alternat1ve: "Filinvest, a Philippine Corporation primarily known for its real estate development projects, has made a right hand turn by taking a stab at the emerging biofuel and alternative energy market by purchasing a Mindanao Based Sugar Cane refinery via its holding company, Filinvest Development Corp (FDC).

Filinvest now proudly owns Pacific Sugar Holdings Corp (PSHC) and its two milling facilities: Cotabato Sugar Central Co. Inc. and Davao Sugar Central Co. This was acquired via a share swap agreement between FDC and PSHC’s previous owners, ALG Holdings Corp. ALG Holdings Corp will receive 1.55 billion worth of FDC shares."

Helge: Sugar Cane, Biofuel, alternative energy, Philippine
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