FIRST PHILIPPINE HOLDINGS IS A CORPORATION THAT IS CONSTANTLY IN ACTION. WE’RE ALWAYS TRYING TO FIND WAYS TO DELIVER FOR OUR STAKEHOLDERS AND THE FILIPINO PEOPLE.
In a special meeting held on March 13, 2009, the FPHC Board approved an “Investment and Cooperation Agreement” with Philippine Long Distance Telephone Company in managing the business affairs of Manila Electric Company. The agreement also calls for the purchase by PLDT of 223 million meralco shares owned by FPHC representing approximately 20% of Meralco’s total outstanding capital stock.
To view the entire press release, please click on the file FPHC-PLDT Deal 13Mar2009.
To read the related SEC disclosure, please click on the file SEC 17-C.