THE Lopez-led First Gen Corp. (First Gen) has increased its voting interest in affiliate Prime Terracota Holdings Corp. and consequently in Prime Terracota’s subsidiary, Energy Development Corp. (EDC).
In a disclosure to the Philippine Stock Exchange (PSE), First Gen said it purchased 13 million Series B preferred shares of stock of Prime Terracota owned by the Employees Retirement Plan of Lopez Inc. (Lopez Inc. Retirement Fund) as well as 16 million Series B preferred shares of stock of Prime Terracota owned by Quialex Realty Corporation.
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