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As the deal progresses, market observers must closely monitor through due diligence and regulatory approvals
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Although 60% of NGCP is held through a common corporate structure of the two largest shareholders, tycoons Henry Sy Jr. and Roberto Coyiuto Jr., suspicions of China’s meddling in its operations persist. Romualdez explained that MIC’s involvement could “be a significant step” toward improved efficiency, economic growth, enhanced energy security, support for renewable energy integration, and increased accountability in NGCP’s operations.between nationalist elements in the Senate and apologists for Chinese investors has been ongoing in the past few years due to increased concern and criticism over NGCP’s operations.
One thing is indisputable. The dominance that China’s State Grip exerts over NGCP is disproportionate to its 40% stake. It has veto power, for instance, over decisions reached by the majority. Clearly, the cards are stacked against the Philippines in more ways than one. The national consensus is that allowing foreigners, especially Chinese, to own vital industries poses grave security risk to national security, something other countries will never countenance.Vantage Point, in collaboration with US-based fund manager Eric Jurado of the Institutional Investor, dug into the details of the deal. Here’s our math:. On January 31 this year, SGP, together with its majority stockholders Henry T. Sy, Jr. and Robert G. Coyiuto, Jr.
Henry Sy Jr. Investments Marcos Jr. Administration National Grid Corporation Of The Philippines Philippine Tycoons Power And Water Thought Leaders Editors' Pick
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