Solon: Proposed Socoteco II-Ignite Power deal a ‘corporate takeover’
MANILA, Philippines — General Santos City lone district Rep. Shirlyn Bañas-Nograles on Friday called the proposed joint venture of South Cotabato II Electric Cooperative Inc. (Socoteco II) with Ignite Power and Energy Holdings Inc. a “corporate takeover”. Bañas-Nograles said, in a statement, that the proposed Conditional Joint Venture Agreement (CJVA) warrants “serious scrutiny”, primarily as
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