Sy, Coyiuto Consolidate Hold on National Grid

SOURCE: Philippine Daily Inquirer

Holding firm UEM Development Philippines Inc. (PSE: MK) plans to issue PhP2 billion worth of shares to businessmen Henry Sy Jr. and Robert Coyiuto Jr. as part of a share-swap deal that will allow the company to gain control of the privatized electricity superhighway operated by National Grid Corporation of the Philippines (NGCP).

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