Ampao collector: Antonio Tiu takes over as president of bankrupt Ever Gotesco
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Ampao collector: Antonio Tiu takes over as president of bankrupt Ever Gotesco

Businessman Antonio Tiu has taken over his third publicly-listed shell company, Ever-Gotesco Resources and Holdings (EVER) of Jose Go.

READ: PDIC FTW! Ever-Gotesco’s Jose Go gets up to 133 years in prison for pocketing P159M Orient Bank loans

Tiu was elected president of EVER during its annual stockholders’ meeting on December 17, the firm’s first since 2019.

READ: Abandon ship: German investment firm dumps Greenergy after Antonio Tiu buys P130M ANI shares

Tiu has also been named a member of EVER’s audit and remuneration committees.

READ: Triple bukol! Antonio Tiu’s Greenergy penalized for multiple violations of PSE disclosure rules

He replaced Go’s son, Joel, who has been kicked upstairs as chairman in place of his father.

READ: CTA issued warrants of arrest vs Antonio Tiu for tax evasion in 2019, paid bail a year later: Greenergy chairman shelled out P8.5M for tax amnesty just to get case dismissed

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.

READ: Ampao! Antonio Tiu scraps another much hyped-deal

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.

 

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