LISTED firm Premier Horizon Alliance Corp. (PHA) has increased its programmed capital expenditure (capex) this year to P366.55 million from an original P200 million to fund the projects of its mining subsidiary, Redstone Construction and Development Corp. (RCDC).
In a disclosure to the stock exchange, PHA said it added P166.55 million to its previously announced P200 million capex for 2015 to support the service mining contracts of RCDC.
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