ALI, LTG, MPI,VVT

1. Alveo (an ALI's unit) and Eton (a LTG's unit) will develop 35-hectare ParkLink, a mixed-use complex along Marikina river.

Notes: It's located near the EastWood.

2. MPI is in talk with Air21 of businessman Alberto Lina for acquition. Air21 is engaged in door-to-door courier delivery, cargo transportation, warehousing, crating, bulk shipments and mailing. It also operates the premium airport bus service UBE Express.

Notes: It acquired Basic Logistics in 2016. It subsequently established Metro Pacific Movers Inc. to provide logistics, shipping, freight forwarding and e-commerce services.


3. Vivant Corp. (VVT) said its power generation subsidiary, 1590 Energy Corp., has secured the right to operate and maintain a 215 megawatts (MW) diesel bunker-fired power plant in Bauang, La Union.

Notes: It has 52.7% stake of 1590 EC. It has stake in GLEDC, which will undertake the financing, design, procurement, construction, testing, commissioning, operation and maintenance of a 2x335 MW coal-fired power plant in Luna, La Union. It also 35% stake of VECO, the 2nd largest power distribution company. It also has 20% stake of 510 MW Therma Visayas, Inc.