CHINA National Heavy Machinery Corp. (CHMC) has concluded an advisory services agreement with Metrobank Group’s investment banking arm First Metro Investment Corp. as it gears up to enter the infrastructure market.
First Metro will help CHMC forge partnerships in power, transport, water supply, sewage, metallurgy and cement.
First Metro international desk head Charles Ian Salvador said: “We see a lot of potential projects where we can work together and bring about the innovation and development needed to boost our country’s growth.”
CNHMC is a subsidiary of China National Machinery Industry Corp. or Sinomach, a participant in the aborted Northrail project connecting Metro Manila to Pampanga.
Metrobank on Thursday closed down 20 centavos at P96.80. — Anna Gabriela A. Mogato
