MRC Allied, Inc. Approves Board and Committee Changes
June 19, 2017 at 03:59 am EDT
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MRC Allied, Inc. approved the appointment of Atty. Michael B. Arciso as Independent Director), Zenaida Y. Monsada as Independent Director and Atty. Jan Vincent S. Soliven as Corporate Secretary, at the AGM held on June 16, 2017. The AGM also approved Atty. Michael B. Arciso (Independent Director) as Chairperson Audit Committee and Jimmy T. Yaokasin, Bernard Rabanzo and Celia Chao as Members of Audit Committee. Atty. Gladys N. Nalda as Chairperson of Nominations and Compensation Committee. Zenaida Y. Monsada, Bernard B. Rabanzo and Celia Chao as Members of Nominations and Compensation Committee. Carlos Jose P. Gatmaitan as Chairperson of Executive & Governance Committee. Atty. Gladys N. Nalda, Bernard B. Rabanzo, Celia Chao, Alejandro A. Palacio, Atty. Margareth R. Mendoza, Maria May P. Militante and Atty. Jan Vincent S. Soliven, Secretariat as members of Executive & Governance Committee.
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. 
