Corporate

Global Ferronickel Holdings Inc., a listed nickel miner that trades using the symbol FNI, is in talks with a potential technology partner for its plan to build a $100-million steel plant in Bataan with an eye to capture around 10 percent of the market for imported steel.

Listed nickel miner Global Ferronickel Holdings Inc. said Wednesday its directors approved the acquisition of an additional 24 percent shareholding in Mariveles Harbor Corp.

RL Commercial REIT Inc. (RCR), the country's largest real estate investment trust sponsored by Robinsons Land Corp., said Tuesday it posted 2022 unaudited net income of P4.4 billion, excluding the fair value change in investment properties.

Metro Pacific Investments Corp., the country’s leading infrastructure investments company, broadened its venture into agriculture with the acquisition of a 34.76 percent stake of listed Axelum Resources Corp., a supplier of coconut water and other products, for P5.32 billion.

Cebu Landmasters Inc., a leading property developer in the Visayas and Mindanao, said Tuesday it saw a 14 percent year-on-year increase in reservation sales for 2022 to P18.8 billion on the back of the strong real estate market in central and southern Philippines.