Twenty five companies are still unable to meet the minimum public ownership requirement of the Philippine Stock Exchange.
Latest submissions of listed firms published by the PSE on its Web site showed these companies had public float of less than 10 percent as of end-June 2012.
These companies included San Miguel Corp.’s subsidiaries San Miguel Pure Foods Co. Inc., San Miguel Properties Inc. and San Miguel Brewery Inc. as well as Eton Properties Philippines Inc., PAL Holdings Inc., Philippine National Bank and Allied Bank of taipan Lucio Tan-owned
Companies associated with investment banker Roberto Ongpin, namely Atok Big Wedge Co. Inc. and Alphaland Corp., also had public ownership of less than 10 percent.
Other companies in the list include First Metro Investments Corp., Maybank ATR Kim Eng Financial Corp., SPC Power Corp., Vivant Corp., Alaska Milk Corp., Cosmos Bottling Corp., Lafarge Republic Cement, Mariwasa Siam Holdings, and Manchester International Holdings Unlimited.
Also included are Integrated Microelectronics Inc., Filinvest Development Corp., Synergy Grid & Development Philippines Inc., Sta. Lucia Land Inc., 2GO Group Inc., JTH Davies Holdings Inc., Global Port 900 Inc. and PNOC-Exploration Corp.
The PSE is giving listed companies until the end of 2012 to comply with the 10-percent minimum public ownership rule.
It said companies failing to comply by the end of the year will face trading suspension for a period of not more than six months. After the six-month period, the continued non-compliance will result in delisting. –Jenniffer B. Austria, Manila Standard Today
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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