Corporate

Global Ferronickel Holdings Inc., a listed nickel producer trading under the name FNI, said Tuesday its subsidiaries, Platinum Group Metals Corp. and Ipilan Nickel Corp., have signed an annual sale and purchase agreement with Baosteel Resources International Co., Ltd. for up to 1.5 million metric tons of nickel ore.

Titan Dining, a private equity fund which owns the Tim Ho Wan brand and company-owned Tim Ho Wan restaurants, will be increasing its current fund size to SGD450 million from SGD350 million to support the expansion of Tim How Wan, other brands, and other future food and beverages concepts that may be included in the portfolio in the future.

Vista Land & Lifescapes Inc. said Tuesday its unit, VLL International Inc., has established a USD2 billion medium-term note program to raise funds for the various real estate projects of former Senate President Manuel Villar.

Mreit Inc., the real estate investment trust of property developer Megaworld Corp., needs more time to evaluate the properties it looks to acquire in Taguig, Davao and Iloilo by another five months.

Globe Telecom Inc. on Thursday said it is optimistic about its outlook next year with the expansion of its cutting-edge data center operations and the introduction of the Gogoro two-wheel electric vehicle (EV).