Former Bureau of Internal Revenue Commissioner Kim Henares, along with an executive of Filoil group . and a top corporate lawyer, has joined the board of of Basic Energy chaired by bilyonaryo Oscar de Venecia.
The Basic Energy board revamp came as it signed the sale of a 67 percent stake in the company for P2.8 billion to MAP 2000 Development Corp. (M2DC), the parent of Filoil Gas and Energy. Filoil is owned by San Miguel Corp. director Ramon F. Villavicencio.
In a meeting on May 12, the Basic Energy board appointed Henares as independent director in place of former Energy Secretary Eduardo V. Manalac who resigned.
The board also appointed Filoil Loigistcs VP Maria Rosette Geraldine L. Oquias, and Martinez Vergara Gonzalez & Serrano Law partner Manuel Z. Gonzalez (former partner at Picazo Buyco Tan Fider & Santos) to fill the seats left by Isidoro O. Tan and Ma.Florina M. Chan.
Filoil group’s backdoor listing through Basic Energy was announced four months ago and it was carried out through Villavicencio’s son, Rafael, who was friends with de Venecia’s son, Oscar “Carey” de Venecia Jr.
Basic Energy Corporation will hold its 2021 Annual Stockholders’ Meeting online at 3:00p.m. on November 24, 2021, Wednesday via the Zoom platform. Stockholders who wish to participate through remote communication are requested to check the registration guidelines stated in the notice of the said meeting. Basic Energy Notice of 2021 ASM & Annexes Source: https://mb.com.ph/2021/11/02/basic-energy-corporation-to-hold-annual-stockholders-meeting-online/read more
Annual Stockholders’ Meeting 2021 Date: November 24, 2021 Time: 3:00 p.m. Venue: via Remote Communication A G E N D A 1. Call to Order2. Certification of Due Notice of Meeting and Existence of Quorum3. Approval of Minutes of the Annual Stockholders’ Meeting held on October 23, 20204. Presentation of the 2020 Annual Report5. Presentation…read more