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First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake

First Philippine Holdings Corporation (FPH) is the holding company controlling First Gen Corporation  (FGEN).  FPH controls 67.74% of FGEN.  FGEN is one of the Philippines’ largest power generation companies.  It owns a portfolio of solar, wind, hydro, geothermal and natural gas power generation assets. Aside from its controlling stake in FGEN, FPH also controls RockwellContinue reading “First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake”

Gabby Lopez resigns as wealth erosion puts control of the Lopez group at risk

ABS-CBN Corporation (ABS), Rockwell Land Corporation (ROCK), and First Gen Corporation (FGEN), are operating public companies that are thought to be owned by the Lopezes. But the Lopezes do not actually owns them. The Lopezes only control them. They wield control over these companies through layers of holding companies. At a market capitalization of aroundContinue reading “Gabby Lopez resigns as wealth erosion puts control of the Lopez group at risk”

FGEN’s San Gabriel 414MW Combined Cycle Power Plant unavailable for dispatch

First Gen Corporation (FGEN) is currently investigating the condition of the generator of its 414MW San Gabriel Combined Cycle Power Plant following a trip. The initial investigation, which is being carried out by specialists from Siemens Power Operations Inc., indicates that there is an electrical fault in the generator, and pending completion of the inspection,Continue reading “FGEN’s San Gabriel 414MW Combined Cycle Power Plant unavailable for dispatch”