Jan. 3 (Bloomberg) — Calapan Ventures Inc., a unit of Jolliville Holdings Corp., plans to invest about 320 million pesos ($8 million) to build a water system in La Union, the utility said in a statement to the Phillipine Stock Exchange.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net