Last year, the Pos' Century group bought about a third of boutique property developer Arthaland Corp., led by the group of investment banker Jaime Gonzales, the father of IPVG chief executive Enrique Gonzales.
"We may have to be listed at a certain point in time but not now." He says that Century Pacific is not the seafood company that will be infused into IPVG.
"The transaction contemplated may involve the issuance of primary shares, the sale of secondary shares, and the acquisition of profitable business assets," IPVG told the bourse.
IPVG declined to identify the company it was in talks with.
The transaction is under strict confidentiality," IPVG said.
Last May, IPVG shareholders approved to amend the firm's Articles of Incorporation to allow the company to establish a refinery in the Philippines to refine metal ore and minerals, among other planned ventures.
"The move was IPVG's initial step into establishing the company as a natural res play," the company said.
Last May, IPVG partnered with Canadian mining firm REC for the construction of a $250-million mineral refinery in the Philippines.