LUCIO L. CO-LED Crystal Bridges Holdings Corp. is set to take full control of Villar-led PrimeWater Infrastructure Corp., allowing the company to operate the latterLUCIO L. CO-LED Crystal Bridges Holdings Corp. is set to take full control of Villar-led PrimeWater Infrastructure Corp., allowing the company to operate the latter

Lucio Co’s Crystal Bridges to take over PrimeWater

LUCIO L. CO-LED Crystal Bridges Holdings Corp. is set to take full control of Villar-led PrimeWater Infrastructure Corp., allowing the company to operate the latter’s entire portfolio across the country.

In a statement on Tuesday, the Villar-led company said it has entered into definitive agreements for the acquisition of 100% of PrimeWater.

PrimeWater did not disclose the cost of acquisition.

“Upon completion, Crystal Bridges will acquire PrimeWater’s entire portfolio of operations across the Philippines,” the company said.

PrimeWater, a subsidiary of Prime Asset Ventures, Inc., serves over 1.7 million households and supplies about 500 million liters of water per day across more than 100 partnered water districts nationwide.

Its operations span multiple provinces, including Bulacan, Batangas, and Laguna.

The company is owned by Manuel Paolo A. Villar, the eldest of the Villar siblings.

Some big companies, including Pangilinan-led Metro Pacific Investments Corp., had expressed interest to acquire the water company after billionaire Manuel B. Villar, Jr. said he wanted to dispose of PrimeWater, saying the company is “being used against us in politics” amid mounting criticism of its services.

President Ferdinand R. Marcos, Jr. has launched a probe of the water service provider following complaints from its consumers.

The Local Water Utilities Administration, a state-run firm that provides support for water systems in provincial cities and municipalities, started an official investigation into PrimeWater’s 73 joint venture agreements with local water districts nationwide.

Asked to comment, China Bank Capital Corp. Managing Director Juan Paolo E. Colet said that the tycoon’s takeover of the water utility would work due to his resources and network.

“Lucio Co is making a huge bet on the water utility business. It marks a bold diversification of his business empire. He certainly has the resources and relationships to make this investment work,” he told BusinessWorld.

Mr. Co is the chairman of conglomerate Cosco Capital, Inc., a major holding company known for its diverse portfolio in retail, real estate, liquor distribution, and oil and mining. — Sheldeen Joy Talavera

Market Opportunity
Overtake Logo
Overtake Price(TAKE)
$0.33198
$0.33198$0.33198
+0.79%
USD
Overtake (TAKE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Optum Golf Channel Games Debut In Prime Time

Optum Golf Channel Games Debut In Prime Time

The post Optum Golf Channel Games Debut In Prime Time appeared on BitcoinEthereumNews.com. FARMINGDALE, NEW YORK – SEPTEMBER 28: (L-R) Scottie Scheffler of Team
Share
BitcoinEthereumNews2025/12/18 07:21
Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00
Read Trend And Momentum Across Markets

Read Trend And Momentum Across Markets

The post Read Trend And Momentum Across Markets appeared on BitcoinEthereumNews.com. Widely used in technical analysis, the MACD indicator helps traders read trend
Share
BitcoinEthereumNews2025/12/18 07:14