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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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