Jose Roberto Antonio has resigned as company director and managing director of Century Properties Group Inc.
Century Properties in a statement said its board of directors accepted the resignation of Antonio as co-managing director and member of the board “effective immediately.”
In his letter to the Board on Feb. 20, 2021, Antonio said his departure from Century Properties will allow him to focus on resolving the issues in privately-owned Revolution Precrafted, its subsidiaries and allied businesses, which was affected by the pandemic. Precrafted Philippines received complaints from contractors and suppliers of unmet contracts.
Revolution Precrafted, which makes prefabricated homes, in a statement said it continues to “comply with its agreements” but is ready to settle legitimate obligations which have fallen due and has no intention to renege on these legitimate contractual claims.