MRC Allied, Inc. announced that during the meeting of the Board of Directors held on August 1, 2018, the company accepted the resignation of Mr. Carlos Jericho L. Petilla as Independent Director of the board of directors and resignation of Mr. Carlos Jose P. Gatmaitan as Chairman of the board of directors. The Board of Directors further elected its current Vice-Chairman Mr. Jimmy T. Yaokasin to assume the position of chairman of the Board. During the meeting, the Board of Directors elected Mr. Bernardo G. Galang as Independent Director and James G. Velasquez as Regular Director.
MRC Allied, Inc. is a Philippines-based holding company. The Company, through Menlo Renewable Energy Corporation (MREN), operates 550 kilowatt-power (kWp) solar photovoltaic (PV) rooftop systems for a rice milling plant in Northern Luzon. It has a 15% ownership in Sulu Electric Power and Light (Philippines) Inc., which owns and operates a 50-megawatt solar project located in Palo, Leyte. The principal asset of the Company consists of two land banks. The first is a 160-hectare industrial estate in Naga City, Cebu and the second consists of 700 hectares of raw land in San Isidro Municipality, Leyte, known as Amihan Woodlands Township (AWT). Located thirty-five (35) kilometers away from the Mactan International Airport, the industrial estate in Naga City, known as the New Cebu Township One (NCTO). The Company's subsidiaries include MRC Tampakan Mining Corporation (MRC Tampakan), MRC Surigao Mines, Inc. (MRC Surigao) and Makrubber Corporation (Makrubber).
MRC ALLIED, INC. 
