Imperial Resources changes name to Century Sun Services

MANILA, Philippines - Listed mining firm Imperial Resources Inc. yesterday announced that its board of directors approved the change of its corporate name to Century Sun Services Inc. to reflect its new primary businesses.

The company said that the board had approved to amend the primary businesses of the company to providing technical education, water and power technology, and agriculture and fisheries technology among others.

The firm announced a special stockholders’ meeting on November 29 for the ratification of the amendments.

Imperial Resources was formed in 1969 as a mining and oil exploration company.

In 2000, it diversified its business to information technology (IT), distributing business application software.

In the same year, the company ventured into education, establishing wholly-owned subsidiary Philippine Cyber College Corporation (PCC) that operated two IT learning centers until 2008.

In January 2009, Imperial Resources executed a memorandum of agreement with PT Aspal Buton Nasional, an Indonesian company which owns about 2,900 hectares of asphalt mining concession in Sulawesi, Indonesia.

Imperial Resources was given exclusive rights to explore and evaluate the mining property and subsequently exploit, develop and bring it to commercial production.

Geophysical and geologic studies and surveys are being conducted to come up with a feasibility report for the project).