GERVEL Inc. is the majority stockholder of Republic Glass Holdings Corp. (REG). It owns some 459 million REG shares equivalent to 67.3 percent. The corporate name stands for Geronimo Velasco, the family patriarch who was energy minister during the administration of the late President Ferdinand Marcos.

In an information statement, which contains the agenda of its annual stockholders’ meeting scheduled for April 30, Republic Glass listed two other corporate stockholders as of March 27. Metropolitan Management Corp. (MMC), and Sysmart Corp., hold 47.885 million REG shares, or 7.02 percent, and 34.544 million REG shares, or 5.06 percent, respectively.

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