<article>Listed firm <a href="https://www.dealstreetasia.com/?s=SBS%20Philippines">SBS Philippines</a> is acquiring a 4.7-hectare property for $10.4 million while telecommunications firm <a href="https://www.dealstreetasia.com/?s=PLDT">PLDT</a> has partnered with Huawei in a $28.5 million deal</article>

Listed firm <a href="https://www.dealstreetasia.com/?s=SBS%20Philippines">SBS Philippines</a> is acquiring a 4.7-hectare property for $10.4 million while telecommunications firm <a href="https://www.dealstreetasia.com/?s=PLDT">PLDT</a> has partnered with Huawei in a $28.5 million deal
<h3>SBS Philippines acquires 4.7-hectare property from Coca-Cola</h3>
Philippine-listed chemical trading and distribution firm SBS Philippines Corp (SBS) is acquiring a 4.7-hectare warehouse facility complex from a company majority owned by Coca Cola for P520 million ($10.42 million).
In a disclosure to the Philippine Stock Exchange, SBS said its subsidiary, Lence Holdings Corporation (LHC), has entered into a binding commitment with The Coca Cola Export Corporation &#8211; Philippine Branch and its related parties for the acquisition of warehouse facilities and property lot located at Silangan Industrial Park in Barangay Mapagong, Calamba City, Laguna.
LHC will purchase 100% equity interests of Benesale Land Inc (BLI), the owner of the 4.7-hectare parcel of land, on which the warehouse facility complex stands. BLI is 60% owned by Coca-Cola Affiliated Companies in the Philippines Retirement Plan and 40% by The Coca-Cola Export Corporation &#8211; Philippine Branch.
The acquisition involves a combination of a stock purchase of the company owning the property lot and an asset purchase of the buildings, improvements and machinery of the warehouse facility.
<h3>PLDT inks $28.5m partnership deal with Huawei</h3>
Listed Philippine telecommunications and digital services giant PLDT Inc has sealed a $28.5-million agreement with China&#8217;s <a href="https://www.dealstreetasia.com/?s=Huawei">Huawei Technologies Co</a> to overhaul the company&#8217;s wireless service delivery platforms.
PLDT informed the stock exchange that its partnership with Huawei is part of its $50-billion capital expenditure programme for this year to improve its fixed and wireless infrastructure, and information technology systems.
&#8220;This partnership will enable PLDT Group&#8217;s wireless services under the brands PLDT, Smart, Sun and TNT to become much more agile, efficient and resilient in developing and delivering a growing array of digital services,” said PLDT Chairman and CEO Manuel V. Pangilinan.
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SBS Philippines is acquiring a 5-hectare property for $10.4 million while telecommunications firm PLDT has partnered with Huawei in a $28.5 million deal

Philippine Digest: SBS acquires land parcel; PLDT inks $28.5m pact with Huawei

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Philippine Digest: SBS acquires land parcel; PLDT inks $28.5m pact with Huawei

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