Marcventures elects Augusto Serafica Jr. as new president
Marcventures Holdings [MARC 0.73, up 1.4%; 17% avgVol] [link] said that Augusto Serafica Jr. has been elected as its new president. Mr. Serafica has been a director of MARC since 2013, and at the time of his election, was the chairman of the board’s investment committee. MARC is owned and controlled by President Marcos’s cousin and current House Speaker Martin Romualdez. The company has significant mining interests in nickel, which it exports to China.