There is still a massive need for infrastructure investments in the country and this will provide opportunities for shareholders to
If there’s one thing this business conglomerate has done for Filipinos, it’s to make daily routines more convenient and hassle-free.
MPIC believes, however, that the intrinsic value of its core investments in infrastructure in the country has not been fully reflected in its share price for some time. An insider indicated that many brokers were confident the SSM vote would be passed given strong favorable reactions from their clients after the revised bid, and did not bother submitting a proxy, but rather, would just wait for the tender to open.
The delisting will ensure that the privatization plan would be achieved and avoid an undesired outcome similar to the recent Holcim situation, which led to an involuntary trading suspension by falling below the PSE’s minimum public float requirement of 10 percent. This would result in shareholders wishing to sell their shares of an unlisted company to be subject to unfavorable capital gains and documentary stamp taxes.
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