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.
First Philippine Holdings Corporation today made a deposit for future subscriptions worth P5.3 Billion to its power generation subsidiary, First Gen Corporation. The said investment was approved by the FPHC Board of Directors during its regular meeting last August 6, 2009 and was made to support the planned capital-raising of First Gen.
FPHC President and COO Mr. Elpidio L. Ibañez explained, “The infusion will help to fully realize the values within First Gen’s power generation portfolio. This is one of the steps we are taking to lay the foundation for First Holdings’ growth and profitability over the medium to long-term.”
To view the SEC 17-C disclosure, please click here.