Businessman Antonio Tiu has taken over his third publicly-listed shell company, Ever-Gotesco Resources and Holdings (EVER) of Jose Go.
Tiu was elected president of EVER during its annual stockholders’ meeting on December 17, the firm’s first since 2019.
Tiu has also been named a member of EVER’s audit and remuneration committees.
He replaced Go’s son, Joel, who has been kicked upstairs as chairman in place of his father.
Tiu had previously taken over two moribund publicly-listed firms in a backdoor listing – Musx Corp. (renamed Greenergy Holdings) in 2008 and Interport Resources Corp. (renamed Philippine Infradev Holdings Corp.) in 2018.
Another fresh face on the board is EVER assistant corporate secretary Caesar R. Certeza who replaced Go’s other son, Jonathan.
Directors who retained their seats on the seven-man board are Go’s siblings Evelyn and Lourdes, Christian Grant Tomas and Francisco Sanchez.
EVER is one of the hottest stocks of 2021, gaining 278 percent to 32 centavos as of December 24.