Po family injects capital into parent firm of Century Pacific, Shakey’s Pizza

The Po family is injecting fresh capital into its flagship holding company, Century Pacific Group Inc. (CPGI), the parent of listed firms Century Pacific Food Inc. and Shakey’s Pizza Asia Ventures Inc.

The investment was made through Zephryn Holdings, another Po family-owned vehicle, which subscribed to new redeemable preferred shares issued by CPGI.

The deal gives Zephryn a 45 percent stake in CPGI and indirect ownership of 29.9 percent in Century Pacific Food and 29.15 percent in Shakey’s Pizza.

Despite the restructuring, overall control and ownership of the group remain firmly within the Po family.

Christopher T. Po 

Shakey’s shares slipped 1.36 percent to P7.27 each, while Century Pacific was down 1.16 percent to P34.15 each. The two firms have a combined market value of around P135 billion.

Data from the Securities and Exchange Commission showed that Zephryn Holdings Inc. is an investment firm established on Nov. 11, 2024.

Corporate records show it is led by Ricardo T. Po (vice chair), Christopher T. Po (president), Teodoro Alexander T. Po (chief operating officer), and Leonardo T. Po (treasurer).

The company is chaired by Fernan Lukban, who also sits on the boards of other Po family-controlled firms.

—Edited by Miguel R. Camus