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PEZA gives FPIP green/sustainability award

Published December 19, 2020, 6:00 AM The Philippine Economic Zone Authority (PEZA) has given the Green, Healthy, Smart, and Sustainable Ecozone Award to Lopez-led First Philippine Industrial Park (FPIP) for its “notable commitment to promoting healthy industrialization and sustainably-designed, smart, and green economic zone.” FPIP was one of only two ecozones to receive the award – the first to be given by PEZA to honor outstanding registered economic zone locators. PEZA opened the new Green, Healthy, Smart and Sustainable Ecozone Award category for the year 2020 ceremonies as a way to encourage ecozone developers to, among other things, “design ecozone towards sustainability and a decarbonized future;” and “adopt clean and green technologies/methodologies” that would make ecozone operations “more efficient and environment-friendly.”

Lopez Holdings files petition for voluntary delisting from PSE

Published December 15, 2020, 4:00 PM Lopez Holdings Corporation has formally filed a petition for voluntary delisting of its 4.63 billion  common shares from the main board of the Philippine Stock Exchange (PSE). In a disclosure to the Philippine Stock Exchange, the firm said the delisting is conditioned on the public float of the company falling below the 10 percent minimum public ownership (MPO) requirement upon the completion of a Tender Offer for its shares by associate First Philippine Holdings Corporation. The Lopez Holdings Board of Directors had acknowledged last December 1 the conduct by FPH of a Tender Offer to acquire a minimum of 20 percent and a maximum of 45.56 percent of the total issued and outstanding common shares of Lopez Holdings from all minority shareholders at a price of P3.85 per common share.

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