Paradise Ridge Hydrocarbons Inc. of Scottsdale, Arizona recently announced that Far East Ventures Holdings Ltd. — an investment holding company with which it is finalizing a merger — has started a joint venture with an industrial and mining group based in the Philippines.

Scottsdale-based Paradise Ridge Hydrocarbons recently said its attempt to purchase Far East Ventures Holdings Ltd., which is based in Hong Kong and has a portfolio of high growth investments in South East Asia, is expected to be completed by the end of April.