First Gen lists preferred shares

Posted at May 18 2012 12:14 PM | Updated as of May 18 2012 09:34 PM

First Gen Corporation, the power generation firm of the Lopez Group, held a special listing ceremony for its Series G perpetual preferred shares on Friday. The company raised P10 billion from the sale of 100 million of its preferred shares.

First Gen president and chief operating officer Francis Giles Puno talks to ANC's Warren de Guzman about the company's rosy first quarter results, where it posted a $52.1 million net income, a 171% jump from the same period last year. [email protected], May 18, 2012

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