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May 30, 2016 @ 8:23

MVP deputy resigns as director of Victorias Milling

A trusted deputy of Manny Pangilinan, Ray C. Espinosa, has given up his board seat in Victorias Milling Company Inc. and replaced by a nominee of the Lucio Tan Group, Peter Y. Ong.

Espinosa’s departure is in line with the Metro Pacific group’s divestment from the company.

In a disclosure to the stock exchange, Victorias Milling Company said Espinosa did not provide a reason for his departure from the firm, adding that First Agri Holdings Corp. and FP Natural Resources Ltd. sold their holdings in the company on February 18, 2016 and that Espinosa was the nominee of the two firms. (Eileen A. Mencias)


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