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Internal power shift: Po family shuffles billions under Zephryn banner
Business
The Stock Market
Internal power shift: Po family shuffles billions under Zephryn banner
Internal power shift: Po family shuffles billions under Zephryn banner
Published Oct 28, 2025 03:34 pm
Christopher T. Po
Leonardo Arthur T. Po
Teodoro Alexander T. Po
The Po family is consolidating its business empire, using their holding company, Zephryn Holdings Inc., to acquire a controlling 45.7 percent stake in investment arm Century Pacific Group Inc.
In a disclosure to the Philippine Stock Exchange, CPGI subsidiaries Century Pacific Food Inc. and Shakey’s Pizza Asia Ventures Inc. said CPG has issued redeemable preferred shares to the domestic holding company Zephryn.
Zephryn subscribed at par to 610.17 million redeemable preferred shares in CPGI through a Subscription Agreement dated Oct. 27, 2025.
A spokesperson of the Po family said Zephryn is also owned by them, and this transaction is “just an internal restructuring at the holdings level.”
Due to its subscription in CPGI, Zephryn now owns 45.70 percent of CPGI, and this translates to 29.93 percent (1.06 billion shares) indirect ownership in CNPF and 29.15 percent (490.87 million shares) indirect ownership in Shakey’s.
Zephryn’s investment dilutes the interest of siblings Christopher T. Po, Teodoro Alexander T. Po, and Leonardo Arthur T. Po in CNPF to 11.83 percent each from 21.78 percent, while Ricardo Gabriel T. Po’s interest declined to 0.09 percent from 0.16 percent.
Meanwhile, the stakes of Christopher T. Po, Teodoro Alexander T. Po, and Leonardo Arthur T. Po in Shakey’s have been diluted to 11.52 percent from 21.21 percent each, while Ricardo Gabriel T. Po’s interest declined to 0.09 percent from 0.16 percent.
CNPF stressed that there were no acquisitions or dispositions of CNPF or Shakey’s shares, and CPGI remains the owner of 2.32 billion shares in CNPF, while its stake in Shakey’s is still 1.07 billion shares.