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Global Ferronickel Holdings, Inc.

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Company Description
Global Ferronickel Holdings, Inc. (FNI), formerly Southeast Asia Cement Holdings, Inc. (CMT), was established on May 3, 1994 as a holding company. The Securities and Exchange Commission approved the Company's change in name to the present one on December 22, 2014. As a holding company, FNI held 1,548,614,753 common shares of industrial material manufacturer Lafarge Republic, Inc., which was subsequently sold in separate transactions in 2013.

On June 7, 2013, the Company's shareholders, Calumboyan Holdings, Inc. (CHI), Lafarge Holdings (Philippines), Inc. (LHPI) and Seacem Silos, Inc. (SSI) signed a sale and purchase agreement with IHoldings, Inc., Januarius Resources Realty Corp., and Kwantlen Development Corp. (collectively IHoldings Group) for the sale of CHI's, LHPI's and SSI's respective shares of stock representing 89.87% of the Company to the IHoldings Group. CHI, LHPI and SSI further sold all of their shareholdings within the same month, causing IHoldings Group to become the new principal shareholder of FNI. In July 2014, the IHoldings Group sold its entire stake in FNI to several companies and stockholders, which intend to inject their nickel mining operations into the Company.

On November 27, 2014, the Board of FNI approved the purchase of 100% of Ferrochrome Resources, Inc. (FRI) and also 100% of Southeast Palawan Nickel Ventures, Inc. (SPNVI). Last March 16, 2015, however, the Board of FNI terminated the memorandum of agreement for the acquisition of 100% of FRI due to non-fulfillment of conditions.

As of December 15, 2015, FNI's subsidiaries are Platinum Group Metals Corporation, Surigao Integrated Resources Corporation, and PGMC-CNEP Shipping Services Corp.

Source: SEC Form 17-A (2015)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life 50
Incorporation Date May 03, 1994
Number of Directors 10
Stockholders' Meeting as per By-Laws June - last Wednesday except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address 7F Corporate Business Center, 151 Paseo de Roxas corner Arnaiz Street, Makati City
E-mail Address noellazaro95@yahoo.com ; eveartpomarin@yahoo.com
Telephone Number (632) 5197888
Fax Number (632) 5197888
Website www.gfni.com.ph