FPH wins partial award in dispute with US-based SunPower

30 Jan


First Philippine Holdings Corp. (FPH) subsidiary First Philec won a partial award from the International Chamber of Commerce in arbitration proceedings against SunPower Philippines Manufacturing Ltd.

Which stocks to BUY or SELL? Find out on!

The arbitration panel ordered SunPower to purchase First Philec’s shares in their joint venture for the price of $30.3 million by Feb. 2, 2015.

SunPower should also pay First Philec $25.3 million for compensation under their supply agreement.

Leave a comment

Posted by on January 30, 2015 in Corporate News, FPH, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: