00:00SGP, or Synergy Grid and Development Philippines, Inc. accepted President Ferdinand R. Marquez, Jr.'s allocation
00:07for the 20% shares of NGCP, or National Grid Corporation of the Philippines,
00:12held by Maharlika Investment Corporation.
00:15The President witnessed the addition of SGP and MIC to the binding sheet.
00:19As of now, the ownership interest of SGP is at 40.2% in NGCP.
00:24Through the agreement, two board seats of NGCP will be included in MIC
00:30and two additional board seats in SGP.
00:33Because of the agreement, the government will have more influence and control
00:38in an important energy infrastructure
00:40to ensure that every Filipino has a reliable and affordable supply of electricity.
Comments