House Speaker Martin Romualdez’s company to acquire 20% of EEI Corp.

House Speaker Ferdinand Martin G. Romualdez
Martin Romualdez Photo From His Official Facebook Page

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1. House Speaker Romualdez's company to acquire 20% of EEI Corp.

Highlights: "House of Investments (HI) reported in a stock exchange filing this week that it would sell 20% of of HI's holdings in EEI Corp. (EEI) to the private holding company of the family of House Speaker Martin Romualdez, RYM Business Management Corp., for P1.25 billion. On the heels of a PSE disclosure from EEI that it is exiting the renewable energy business, through the sale of EEI's share in PetroGreen, PetroSolar, and PetroWind to its affiliate PERC, EEI's parent company House of Investments, Inc. (HI) also disclosed a series of transactions that further rationalizes the holdings of the Yuchengco Family as follows..."

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