KEPPEL Philippines Properties Inc. will change its corporate name to FSG Venture Holdings Inc. following the recent acquisition of a controlling stake by Forward Synergy Group Inc.
In a disclosure on Thursday, the company said its board had approved amendments to its articles of incorporation, including the change in corporate name, subject to stockholder and regulatory approval.
The move comes after Forward Synergy acquired about 86.87 percent of the company’s outstanding shares, resulting in a change in control.
Aside from the name change, the board also approved revisions to expand corporate powers, update the principal office address to Bonifacio Global City, and align its corporate structure with the new ownership.
The company said the amendments were not expected to have a material impact on its business, operations or capital structure.
Keppel Philippines shares on Thursday slipped P0.01, or 0.36 percent, to close at P2.73 each.
NAZYLEN JOY MABANGLO
