[Vantage Point] The math behind Ramon Ang’s Lopez bet
Ramon Ang may not have bought the entire Lopez empire, but through Illumina, he bought a place near its summit—and an invitation from Piki Lopez to help shape what comes next
Ramon Ang may not have bought the entire Lopez empire, but through Illumina, he bought a place near its summit—and an invitation from Piki Lopez to help shape what comes next
(1st UPDATE) As Francis Lim pushes out the PSE board’s old guard with his new term limit rules, Vivian Yuchengco, the long-serving broker-director insists that ‘if shareholders want new directors, they can elect new directors’
Every side is telling the public the same thing, that this is a stabilizing, peace-building move, not a takeover. Nothing filed so far proves or disproves that. What comes next will show whether it holds.
So far, what has actually changed hands is one family branch’s stake in the private company at the very top of the Lopez empire. Whether it leads to a direct ABS-CBN rescue is a question about what Ang, and the Lopez family, do next.
What the resignation of Roberta Lopez-Feliciano from Lopez firm, First Philippine Holdings Corporation, means in the Lopez family feud…for now
Long-time PSE broker directors Eddie Gobing and Vivian Yuchengco want the SEC to stop implementing a May 21 circular on term limits
SEC Chair Francis Lim tells Rappler that the regulator has no intention of retreating