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Alliance Global on Forbes list of best Asian firms

Alliance Global Group Inc. (AGI), the flagship holding company of tycoon Andrew Tan, was among the best listed companies named this year by Forbes Asia Magazine.

Posted: November 21st, 2013 in Headlines | Read More »

MIH boosts public float

Manchester International Holdings Unlimited Corp. (MIH), the local backdoor listing vehicle of the Melco casino group of Macau, has boosted its public ownership to 11.84 percent, eliminating risks of trading suspension.

Posted: December 28th, 2012 in Headlines | Read More »

A case of administrative legislation?

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Sometime in 2010, the Philippine Stock Exchange (PSE) issued a new Rule on minimum public ownership (MPO), effective Nov. 30, 2010 (2010 Rule), requiring that publicly listed companies maintain a minimum public ownership of at least 10 percent of their issued and outstanding shares, exclusive of any treasury shares, or as such percentage that may be prescribed by the Exchange (Section 3(a), Article XVIII, Continuing Listing Requirement).

Posted: December 20th, 2012 in Columnists | Read More »

Net profit of listed firms jumps 26% to P271B

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AFP photo

The combined net profit of companies listed on the local stock exchange rose by 26.4 percent to P271.02 billion in the first semester from a year ago as corporate Philippines benefited from the country’s buoyant economic growth during the period.

Posted: October 22nd, 2012 in Latest Business Stories | Read More »

San Miguel, Ayala firms strive to meet PSE rule

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Some of the 27 listed companies facing trading suspension—especially those that are part of closely watched conglomerates like San Miguel and Ayala—are striving to meet the minimum public float of 10 percent required for continued listing on the Philippine Stock Exchange.

Posted: August 27th, 2012 in Headlines | Read More »

Firms with less than 10% public float face trading suspension

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At least 27 listed companies face trading suspension by the first trading day of 2013 if they would not be able to raise their public float to at least 10 percent as required by the Philippine Stock Exchange.

Posted: August 23rd, 2012 in Headlines | Read More »

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