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regulatory-disclosure

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First Gen Delayed Disclosure of P23.5-Billion Penalty Clause in Energy Dealeco-business.com
world1 day agoDeveloping

First Gen Delayed Disclosure of P23.5-Billion Penalty Clause in Energy Deal

First Gen Corporation announced a P75-billion deal on February 13 without mentioning a P23.5-billion penalty clause. The clause was disclosed 60 days later amid a Lopez family dispute. Regulatory filings show the clause ties to CEO Federico Lopez's continued employment.

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