Metro Pacific to exit Philippine stock market in October 2023

It said 5.46 billion MPIC common shares, or equivalent to 19.04 percent of the company’s total issued and outstanding listed shares owned by the minority investors, were tendered by the end of the offer period Tuesday.

MPIC said together with the excluded and the non-public shares, the total would reach 97.22 percent of the company’s total issued and outstanding listed shares. MPIC’s public float’s is expected to drop to 2.78 percent, below the 10 percent required for listed companies. This will pave the way for MPIC’s voluntary delisting, in accordance with the procedures of the local bourse.A consortium composed of Metro Pacific Holdings Inc., MIG Holdings Inc., GT Capital Holdings Inc. and Mit-Pacific Infrastructure Holdings Corp. offered to acquire all outstanding MPIC common shares other than those they already own at P5.20 apiece.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Newport World Resorts’ Hakan Dagtas inducted into Asia-Pacific integrated resorts industry hall of honorRenowned industry leaders from across the Asia-Pacific region gathered at the country’s premier lifestyle and entertainment destination for the inaugural IAG Academy Summit. Founded by Inside Asian Gaming, the IAG Academy advances professionalism and education within the land-based Integrated Resort (IR) industry. The multi-day summit held at Newport World Resorts…
La source: BusinessMirror - 🏆 19. / 59 Lire la suite »

The Philippine real estate market in 2Q 2023: Imminent business boom in LuzonThe second quarter of 2023 saw an economic slowdown due to high commodity prices and the lagged impact of interest
La source: MlaStandard - 🏆 20. / 55 Lire la suite »