US EditionHow Did Politank Buy Francisco Domenech's Shares?
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5 Articles
That transaction is known in the business world as a stock buyback or stock buyback.
Manuel Torres Nieves said on Thursday that he was the president of Politank and defended the corporate structure of the firm by arguing that Francisco Domenech Fernández completely delinked himself from the company after a repurchase of shares. In the Registry of Corporations of the State Department, referring to the firm Politank, Torres Nieves appears as chief executive officer (CEO), secretary and resident agent.
SAN JUAN – Manuel Torres Nieves said on Thursday that he was the president of Politank and defended the corporate structure of the firm by arguing that Francisco Domenech Fernández completely delinked himself from the company after a repurchase of shares. In the Registry of Corporations of the State Department, referring to the firm Politank, Torres Nieves appears as chief executive officer (CEO), secretary and resident agent.
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The president of the company Politank, Manuel Torres Nieves, spoke on Thursday about the controversy surrounding the company and its relationship with the secretary of the governor -and last owner- Francisco Domenech. Torres Nieves defended the transparency of the firm he bought for $4 million, claiming that the questions are “rumors and speculations without foundation.” “Politank has operated and will continue to operate under the highest stand…
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