The voting rights go into a holding company that retains at least 51 percent of the insurance business.
Thus the current owners would retain 96 percent of the voting power.
The Government is retaining 25 percent of the shares for sale in the future.
The government, however, will retain at least 70 percent of the electricity company.
I feel that with a good program you might retain 75 to 80 percent of customers.
Under local laws, Filipinos would have to retain 60 percent or more of the company.
Ultimately, the state will retain 41 to 43.5 percent of the company.
After the offering, current owners will retain 61 percent of the company.
"If you retain 60 percent of your goals it's a very good thing."
The state will retain 20 percent of the new company.