Tag: First Gen
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First Holdings annual meeting set; new directors vote hangs
First Philippine Holdings Corp., commonly known as First Holdings, has set its 2026 Annual Stockholders’ Meeting for July 27, but warned that the election of directors may be deferred if a deepening family and governance dispute remains unresolved.
Lopez Inc majority flags pension fund risk in First Gen deal
The controlling shareholders of Lopez Inc. on Wednesday escalated their criticism of controversial “poison pill” provisions tied to transactions between First Gen Corp. and Prime Infrastructure Capital Inc., warning that major institutional investors, including state pension funds, could face significant losses if the clauses are triggered.
Lopez Inc. shareholders cite governance lapses, not family feud
Serious lapses in corporate governance, not a lingering family feud as some would have it, drove the decision to remove Federico “Piki” Lopez as president and chief executive officer of Lopez Inc., according to controlling shareholders.
SEC, PSE urged to intervene on Lopez power
A deepening corporate power struggle inside one of the Philippines’ most influential business families has escalated into a regulatory flashpoint, with the controlling shareholders of Lopez Inc. calling for an official probe into alleged disclosure lapses tied to major energy transactions and so-called "poison pill" provisions.
Lopez feud sparks fight over costly poison pill
A widening family rift inside Lopez Inc. is escalating into a high-stakes corporate battle over provisions that could force listed power generation firm First Gen Corp. to sell key energy assets at a steep discount, potentially wiping out nearly P24 billion in value.
