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August 27, 2015 6:44 PM ET

Trading Companies and Distributors

Company Overview of Global Ferronickel Holdings Inc.

Company Overview

Global Ferronickel Holdings, Inc., through its subsidiary, Platinum Group Metals Corporation, engages in the mining and exploration of nickel saprolite, and limonite ore and limestone in the Philippines. It owns interests in the Cagdianao Mine that covers an area of approximately 4,376 hectares located in the province of Surigao del Norte in the Northeast corner of Mindanao Island. The company was formerly known as Southeast Asia Cement Holdings, Inc. and changed its name to Global Ferronickel Holdings, Inc. in September 2014. Global Ferronickel Holdings, Inc. was founded in 1994 and is based in Makati City, the Philippines.

Corporate Business Center

7th Floor

151 Paseo de Roxas corner Arnaiz Street

Makati City,  1228

Philippines

Founded in 1994

99 Employees

Phone:

63 2 519 7888

Key Executives for Global Ferronickel Holdings Inc.

Global Ferronickel Holdings Inc. does not have any Key Executives recorded.

Global Ferronickel Holdings Inc. Key Developments

Global Ferronickel Holdings Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Global Ferronickel Holdings Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenue of PHP 1,793,100,000 compared to PHP 2,932,202,000 for the same period a year ago. Net income before tax was PHP 430,839,000 compared to PHP 1,107,803,000 a year ago. Net income after tax was PHP 417,022,000 compared to PHP 1,097,598,000 a year ago. Net income attributable to parent equity holder was PHP 416,528,000 compared to PHP 1,095,706,000 a year ago. Basic and diluted earnings per share was PHP 0.02 compared to PHP 0.16 a year ago. For the six months, the company reported operating revenue of PHP 1,793,100,000 compared to PHP 2,932,202,000 for the same period a year ago. Net income before tax was PHP 166,786,000 compared to PHP 908,359,000 a year ago. Net income after tax was PHP 152,969,000 compared to PHP 898,154,000 a year ago. Net income attributable to parent equity holder was PHP 152,735,000 compared to PHP 896,781,000 a year ago. Basic and diluted earnings per share was PHP 0.01 compared to PHP 0.13 a year ago.

Global Ferronickel Holdings Appoints Allan T. Ang as Director and Mr. Joseph C. Sy as Chairman

Global Ferronickel Holdings Inc. has appointed Dennis Allan T. Ang as a Director and Mr. Joseph C. Sy as Chairman of the Board. The effective date is August 06, 2015.

Global Ferronickel Holdings Inc. Announces Management Changes

Global Ferronickel Holdings Inc. announced at the board meeting held on August 6, 2015, Raul M. Ang tendered his resignation as Member and Chairman of the Board effective at the end of the meeting to devote more time to his personal and pressing commitments that have recently arisen. Mr. Dennis Ang was elected in his place as recommended by the Nomination Committee. As part of the reorganization to best serve the policies and the programs of the company, Mr. Joseph C. Sy also tendered his resignation as President of the corporation and was nominated and elected as Chairman of the Board of Directors. Atty. Dante R. Bravo was nominated and elected as President of the corporation.

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Recent Private Companies Transactions

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November 27, 2014
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