Lopez Holdings

 

2009

First Holdings Declares Cash Dividends on Common and Preferred Shares
In its regular board meeting on December 3, 2009, the Board of Directors of First Philippine Holdings Corporation (First Holdings) approved a P1 per share cash dividend to its common shares to stockholders of record as of December 17, 2009, and payable on or before December 29, 2009. First Holdings will earmark around P590 million for this cash dividend payment.

FPHC Corporate Secretary denounces as baseless elamparo complaint
First Philippine Holdings Corporation (FPHC) learned today that its Corporate Secretary, Enrique I. Quiason, is a respondent in a complaint filed before the Pasig City Prosecutor’s Office by Estrella Elamparo of the GSIS Law Office, for violation of Sections 74 and 144 of the Corporation Code. Quiason denounced the complaint, saying that it is “premature and with no legal leg to stand on.”

First Holdings: One-Time gain and continued recovery in 3Q 2009
Bolstered by one-time gains from the sale of its 20 percent stake in Manila Electric Company (Meralco) last July 2009, First Philippine Holdings Corporation (First Holdings) posted a net income attributable to equity holders of the parent amounting to P7.8 billion. The one-time gain from the Meralco sale amounted to P7.2 billion. Recurring net income of P615 million outperformed last year’s bottomline of P156 million.

Benpres benefits from lower debt
Benpres Holdings Corporation (Benpres) benefited from lower debt levels, posting a net income attributable to equity holders of the parent of P10.9 billion in the first three quarters of 2009. This is a reversal of the P841 million net loss attributable to equity holders of the parent posted in 9M08.

Benpres is first holding company to be recognized as an 'Investor in People'
Benpres Holdings Corporation became the first holding company in the country to be certified against the Investors in People (IiP) Standard in October 2009, following an assessment by IiP Philippines.

Oscar M. Lopez Speaks about Corporate Governance at the 10th OECD Asian Roundtable
First Philippine Holdings Corporation Chairman Mr. Oscar M. Lopez spoke at the 10th Organization for Economic Cooperation and Development (OECD) Asian Roundtable on September 9, 2009 at the Manila Peninsula Hotel in Makati City. Mr. Lopez spoke in behalf of the Philippine business sector in a panel focused on the country’s experiences and challenges with corporate governance reforms. He outlined the group’s commitment to high standards of corporate governance and how it strives to be in line with global best practices.

EDC bags geothermal plant package for US$ 220M
ENERGY Development Corporation(EDC) won the government bidding on September 2 for the 192.5-megawatt Palinpinon and 112.5-MW Tongonan geothermal plants with an offer of 0 million for both facilities.

Benpres buys back US$ 260M of outstanding debt
Manila, August 24, 2009 - Benpres Holdings Corporation (PSE symbol: BPC) gained headway in its debt restructuring effort with the settlement of its debt to its biggest creditor, Avenue Asia Group.

 Benpres buys back US260M debt from Avenue Asia

Philippine Stock Exchange
Attn: Janet A. Encarnacion
Head of the Disclosure Department
4/F PSE Center, Exchange Road
Ortigas Center, Pasig City

Gentlemen/Ladies:

Benpres Holdings Corporation today purchased from Avenue Capital Group, US2 million and PhP467 million of principal of its own debts or debts guaranteed by it, at an overall price of 65% of the principal amount of these debts. The purchase price was settled in full.

 First Holdings registers a major turnaround in H1 2009
 Posted on

For the period ending 30 June 2009, First Philippine Holdings Corporation (First Holdings) registered an unaudited net income attributable to equity holders of the parent amounting to P896 million, a significant reversal compared to the P230 million restated net loss it posted for the first half of 2008. The strong performance this year was mainly driven by a P1.1 billion growth in consolidated gross profits as well as a substantial reduction in foreign exchange losses compared to 2008.

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CONTACT US

Lopez Holdings Corporation (formerly Benpres Holdings Corporation)
4/F Benpres Building, Exchange Road, 1605 Pasig City, Philippines

  • Trunkline: (632) 449-2345
  • Fax: (632) 634-3009
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