Philippine Infradev Holdings Inc. announced that its wholly-owned subsidiary, JIANGSU RIZAL INFRADEV CO., LTD., has already been incorporated in Jiangsu Province, China, with a registered capital of USD 10 Million. JIANGSU RIZAL INFRADEV CO., LTD shall be the corporate vehicle that will be used by the Company to do the procurement, financing, financial leasing, commercial trading and guarantee, among others.