Quantcast
Home » public float rule You are browsing entries tagged with “public float rule”

Maybank ATR meets bourse’s public float rule

By

Financial services group Maybank ATR Kim Eng Financial Corp. (MATRKE) has increased its public ownership to 10.25 percent from 0.89 percent to comply with the 10-percent minimum public float requirement of the Philippine Stock Exchange.

MATRKE disclosed on Thursday that key shareholders had placed out 100 million shares at P4.38 per share to foreign firms. The equity deal was priced at the same level at which the controlling shareholder, Maybank Kim Eng Holdings Ltd., paid the minority shareholders in a tender offer in November 2011.

Maybank Kim Eng sold 50 million of its common shares in the local company to Hong Kong firm Wah Hong Investment Ltd. Another 50 million of issued and outstanding common shares in MATRKE were sold to Lotus Asset Management (BVI) Ltd., a British Virgin Island registered firm.

The PSE requires a public float of at least 10 percent for companies to remain listed to ensure sufficient liquidity in the stock market.

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

PSE may push for selective exemption from public float rule

By

The Philippine Stock Exchange (PSE) may recommend to corporate regulators the exemption of several listed firms from the 10-percent public float rule.

Posted: November 5th, 2012 in Headlines | Read More »

Essence of public float rule

The grace period the Bureau of Internal Revenue has given to companies whose stocks are traded in the stock exchange to comply with the minimum public ownership requirement, or public float, will expire at the end of the year.

Posted: August 23rd, 2012 in Columnists,Featured Columns,Headlines,Inquirer Columns | Read More »

Advertisement

News

  • Veep sees Roxas hand in campaign against him
  • Senator wants P40-M Apeco ‘caretaker fund’
  • Camarines Norte governor’s wife, aide seen at hotel
  • DAP fell short of objective–COA
  • Binay urged anew by Senate panel to attend hearing
  • Sports

  • Taulava fuels NLEX victory
  • Altas ripe for crown, says MVP
  • Balasabas savors lead at Cangolf; Gialon 1 off
  • Cignal eyes 2nd straight win, tests Mane ‘N Tail
  • Gao shines as CIE paces Jungolf tilt
  • Lifestyle

  • PH in Lonely Planet’s top 10 countries to travel in 2015
  • Chewing too much hassle? Japan’s got just the thing
  • Celebrities mourn Oscar de la Renta’s death
  • Palawan is ‘top island in the world’
  • Federal Land enhances Makati skyline with CBD projects
  • Entertainment

  • Kylie Padilla: The daughter comes into her own
  • Gorgeous hunks’ secret stash exposed
  • PH filmmaker in Bangkok workshop
  • Show Time: ‘Appmazing Caravan’
  • ‘Sam & Cat’ finale
  • Business

  • Asia shares mixed after China growth data
  • PSEi stays above 7,000 for 2nd straight day on selective buying
  • P700M waste-to-energy plant to rise in Tagum City in 2015
  • US stocks gain despite weak IBM earnings
  • Rising household debt poses risks to growth of SE Asian economies
  • Technology

  • Presenting data like a pro
  • New apps for sales teams to meet customers’ changing needs
  • Samsung seeks boost from redesigned Note
  • Facebook sues lawyers over ‘scam’ lawsuit
  • NTC gets 60-day TRO vs enforcing text refund
  • Opinion

  • What lies beneath
  • Transempire
  • Same-sex civil unions: unconstitutional
  • ‘Hot’ zones and global warming
  • Seniors entitled to full 20-percent discount, DTI says
  • Global Nation

  • Party is over in ’Gapo
  • ‘The issue is the killing’
  • Amalilio freed in Malaysia; PH extradition request rejected
  • 4 Hajj pilgrims being observed for symptoms of MERS-CoV
  • DFA: Alert level 3 up for Filipinos in Yemen
  • Marketplace
    Advertisement