MVGS congratulates Steniel Manufacturing Corporation (STN) on its successful Follow On Offering (FOO). This is the company’s first public offering since its trading activities were suspended in 2006. STN resumed trading in April 2024 and completed its FOO last November 2025. MVGS advised STN in its FOO and lifting of trading suspension.
STN intends to use the majority of the proceeds to expand its existing warehouse in Davao del Norte into a new logistics and production facility. This will allow STN to cater to a broader range of customers that require just-in-time inventory management. This will also boost the plant’s total capacity to more than 58,000 metric tons from the current 38,000 metric tons capacity.
From June 23 to August 8, we had the pleasure of hosting a group of bright and driven students for this year’s MVGS Internship Program, focusing on legal training and immersive exposure to the profession.
We were proud to welcome Mirella Victoria H. Siquijor, Isabel Atencia, and Kristine Kyla E. Castro from the University of the Philippines (J.D.); Whaeburr Go and Kiana Tarayne Dizon from the Ateneo Law School (J.D.); Jimeina Einzel P. Papera from De La Salle University School of Law (J.D.); Lance Reily S. Sy from the Ateneo de Manila University (Legal Management); Angeli S. Alejo from De La Salle Araneta University (Accountancy); and Lydia Lau from Singapore Management University (Bachelor of Laws). Each of them brought their unique perspectives, academic rigor, and passion for the law into the program. Over the course of several enriching weeks, our interns gained first-hand exposure to the practice of law through meaningful, hands-on experiences. They worked alongside our lawyers on ongoing matters, conducted legal research, prepared drafts and documentation, and actively participated in client meetings. They also visited courts and government offices, giving them a practical view of how the legal system operates. Beyond legal work, they joined firm events and social gatherings, allowing them to engage with the team and experience the collaborative culture we value at MVGS. Worthy to note in this year’s roster of apprentices is Lydia Lau, a Singaporean law student from SMU, who joined us as part of the Drew Network Asia Internship Program. Her participation highlights the growing regional collaboration among leading firms in Southeast Asia, and we are proud to contribute to shaping cross-border legal talent through this partnership.
IN PHOTOS: Check out some snaps of our interns throughout their internship experience. We’re incredibly proud of the growth each intern has shown and excited to see what lies ahead for them. Thank you all for being part of the team!
The Firm extends its warmest congratulations to Cebu-based fuel trading and retail company, Top Line Business Development Corporation (TOP), on the successful debut of its initial public offering (IPO) on The Philippine Stock Exchange, Inc. on April 8, 2025.
TOP’s IPO raised ₱732.62 million, with proceeds earmarked for the expansion of its retail network and enhancement of its fuel storage capacity.
We are honored to have acted as counsel to TOP in connection with its IPO, the first listing on the PSE this year. We look forward to witnessing TOP’s continued growth and success in the years ahead.
We’re proud to share that MVGS Senior Associate Anna Loraine Mendoza and Associate Genevieve Kristine Mañalac are currently on secondment at Makarim & Taira S. in Indonesia as part of the annual Drew Network Asia secondment program.
This program brings together legal minds across Southeast Asia, fostering collaboration and knowledge sharing. Anna Loraine and Genevieve are gaining valuable insights into Indonesian legal practice.
MVGS shares DNA network’s commitment to professional development continues to strengthen our collective ability to serve clients seamlessly across nine ASEAN countries.
The Firm is honored to be recognized with the Renewable Energy Deal of the Year – Solar award at The Asset Asian Awards (“Triple A Awards”) for its advisory role in the ₱18.23 billion project finance facility of 3 Barracuda Energy Corporation, a joint venture between Vena Energy and MGen Renewable Energy Inc.
This landmark transaction supports the development and construction of the 550 MW Bugallon Solar Power Project in Bugallon, Pangasinan, which is poised to become one of the largest solar power facilities in the Philippines. Once operational, the plant is expected to generate approximately 958 GWh of clean energy annually—enough to power over 810,000 households and reduce greenhouse gas emissions by an estimated 640,000 tons each year.
MVGS acted as counsel to the lenders: Rizal Commercial Banking Corporation, Security Bank Corporation, and Philippine National Bank. The transaction was handled by the MVGS Team led by Senior Partner Atty. Manuel Gonzalez and Partner Atty. Erika Paulino and supported by Associates Attys. Claudine Bernas, Genevieve Mañalac, Floricar Manalo, and Tonee Bayhon.
Attys. Gonzalez and Paulino received the award during the gala dinner last 2 July 2025 at the Four Seasons Singapore.
The Asset Triple A Awards, presented by the Hong Kong-based financial publication The Asset, celebrates excellence in banking, finance, treasury, and the capital markets across Asia. This recognition reflects the Firm’s continued commitment to supporting transformative energy projects that advance the country’s transition to sustainable power.
