Global Ferronickel Holdings, Inc. (FNI), formerly Southeast Asia Cement
Holdings, Inc. (CMT), was established on May 3, 1994 as a holding
company. As a holding company, CMT held 1,548,614,753 common shares of
industrial material manufacturer Lafarge Republic, Inc., which was
subsequently sold in separate transactions in 2013. The Securities and
Exchange Commission approved the Company’s change in name to the present
one on December 22, 2014. On June 7, 2013, the Company’s shareholders,
Calumboyan Holdings, Inc. (CHI), Lafarge Holdings (Philippines), Inc.
(LHPI) and Seacem Silos, Inc. (SSI) signed a sale and purchase agreement
with IHoldings, Inc., Januarius Resources Realty Corp., and Kwantlen
Development Corp. (collectively IHoldings Group) for the sale of CHIs,
LHPI’s and SSI’s respective shares of stock representing 89.87% of the
Company to the IHoldings Group. CHI, LHPI and SSI further sold all of
their shareholdings within the same month, causing IHoldings Group to
become the new principal shareholder of CMT. In July 2014, the IHoldings
Group sold its entire stake in FNI to several companies and
stockholders, which intend to inject their nickel mining operations into
the Company.
