ZEUS HOLDINGS INC.  (ZHI) , calls for the special meeting  November 17, 2015 , amidst the 2015 APEC Asia Pacific Economic Cooperation today on its "parent company holdings " company building Lepanto Bldg., 21st floor , Roxas Blvd., Ayala avenue , Makati City , Philippines.

Senior Yap , the patriarch only grievances as he deeply- sigh ushering yours truly  from the beautiful  newly curated / designed pent house of Lepanto Bldg., with an over looking  "resto and cocktail bar" over looking the Ayala triangle  ,is this " its only up to ( MPSA)  Mineral Production Sharing Agreement", that the company could move on.

Until  now , i could not even believe this, or may be I am just misinterpreted on what I've heard from the patriarch.


Upon reviewing with the company profile , the company from its own website ( Lepanto -parent holding company) have its probation for environmental management as parts of its deliverate efforts, in practicing  corporate social responsibility . If the company is geared on to be in the realms of responsible mining, there is no  reasons for their MPSA-DENR ,to be  issued. This is for inclusive economy to sustain economic growth that the current regional economic power house like the APEC is advocating.

(excerpt from the company profile disclosure:)

"On July 13, 2009, the Company entered into an operating agreement with Olympic International Sales Corporation (Olympic) which allows the Company to explore and, if warranted, develop Olympic’s mining claims in the province of Surigao del Sur. The mining claims are the subject of an Application for Production Sharing Agreement (APSA) filed by Olympic with the Mines and Geosciences Bureau (MGB). The Company can only operate the mining claims upon the approval of the APSA and issuance of the Mineral Production Sharing Agreement (MPSA) by the Department of Environment and Natural Resources (DENR). The operating agreement shall take effect for a period of 25 years from the date of issuance of MPSA (see also Note 10). As at June 30, 2015, the MPSA has not yet been issued by the DENR while the approval of the APSA is still pending with the MGB. The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of its assets and settlement of its liabilities in the normal course of business. 1.3 Approval of Financial Statements The financial statements of the Company for the period ended June 30, 2015 (including the comparative financial statements for December 31, 2014) were authorized for issue by the Company’s BOD on August 13, 2015."


Luckily one of the board of director of the Zeus Company , Mr. Stephen Yap would is hospitable enough to show one of the hotel  - under management by the said company located at new dynamic town center of Tutuban . And he is willing to host a night of merriment to serious on line social media bloggers to promote the said hotel which is now gaining momentum /notice in the area.


henry estipona
king financial
www.on-linexpress.blogspot.com