Alphaland clears PSE compliance requirement
Upscale property developer Alphaland Corp. has complied with the 10-percent minimum public ownership required by the Philippine Stock Exchange, paving the way for the resumption of trade on its shares.
Upscale property developer Alphaland Corp. has complied with the 10-percent minimum public ownership required by the Philippine Stock Exchange, paving the way for the resumption of trade on its shares.
Upscale property developer Alphaland Corp. has beefed up its public ownership to meet the 10-percent minimum requirement of the Philippine Stock Exchange for continued listing.
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.
As more companies scrambled to comply with the 10-percent minimum public ownership required by the Philippine Stock Exchange, the number of noncompliant companies has gone down to a dozen during the final countdown to the yearend deadline.
Petron Corp., the country’s biggest oil refiner and retailer, has hiked its public float to 14.68 percent, allowing it to comply with the mandated 10-percent public ownership for listed companies.
