EEI Corp., a listed construction company, said Monday that its board of directors has approved several strategic investments worth a total P3.8 billion to fund various expansion initiatives, both domestic and international.
EEI said that P550 million will be infused into EEI Limited, the company’s wholly-owned subsidiary, to support its ongoing international expansion efforts. This investment aims to solidify EEI’s presence in the global market, particularly in the Middle East and other key regions.
Also approved by the board is a P600 million increase in subscribed capital for EEI Construction and Marine, Inc. The additional capital will be directed toward supporting growth opportunities in the construction and marine sectors, reinforcing the subsidiary’s position in a competitive market.
Further emphasizing its commitment to growth, EEI said the board also greenlit P1 billion for EEI Ventures Inc. and P1.7 billion for EEI Power Corporation. These investments are expected to fuel business expansion in various sectors, including renewable energy, infrastructure, and technology, as part of the company’s long-term strategic vision.
The approvals reflect EEI Corporation’s strong focus on diversification and sustainable growth.
