The ASLAG shares of the principal/ substantial shareholders and affiliates are also reflected as indirect shares of either ASLAG Chairman Engr. Peter G. Nepomuceno or ASLAG Director Mr. Arsenio N. Valdes.
Engr. Nepomuceno is also the Chairman and President/ CEO of Jten Equities, Inc., and Chairman and President/ CEO of Angeles Power, Inc. Meanwhile, Jten Equities, Inc. owns 40% of Borealis Corporation and 71.6% of T.G.N. Realty Corporation.
Mr. Valdes is also the Chairman of Wespan Development Corporation which is wholly-owned by Juan D. Nepomuceno Sons, Inc. whereby Mr. Valdes is likewise Chairman. Furthermore, he is Chairman of Borealis Corporation which is 40%-owned by Juan D. Nepomuceno Sons, Inc. and 20%-owned by T.G.N. Realty Corporation. He is likewise Chairman of T.G.N. Realty Corporation.
The breakdown of the corresponding indirect shareholdings of the above directors is as follows:
Engr. Nepomuceno: J Ten Equities, Inc.- 857,751,995 Angeles Power, Inc.- 284,625,000 Borealis Corporation - 6,800,000 T.G.N. Realty Corporation - 19,135,816 Total 1,168,312,811
Mr. Valdes: Borealis Corporation - 10,200,000 Wespan Development Corporation - 11,300,000 T.G.N. Realty Corporation - 7,590,184 Total 29,090,184
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