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Meralco Securities Corporation
Meralco Securities Corporation (MSC) was established in 1961, principally organized to acquire ownership of the Manila Electric Company and manage its business.
First Philippine Holdings
In 1976, MSC was renamed First Philippine Holdings Corporation after it sold Meralco to a shell company that later on became Meralco Foundation. In 1993, the reclaimed a 15% stake in Meralco.