After 13 years on the board, tycoon Roberto Coyiuto Jr. has stepped down from Synergy Grid & Development Phils. Inc. (SGP) as the company enters a crucial phase in its talks with the Maharlika Investment Corp. (MIC).
National Grid Corp. of the Philippines (NGCP) has secured a major legal win in its long-standing arbitration battle against Power Sector Assets & Liabilities Management Corp. (PSALM) and National Transmission Corp. (TRANSCO).
The Maharlika Investment Fund has secured guaranteed dividends from its stake in National Grid Corp. of the Philippines (NGCP), via listed Synergy Grid, with a step-up feature promising even higher payouts after three years if shares remain unconverted.