Wednesday, April 7, 2010 as of 11:14 AM ET
The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) () is the national stock exchange of the Philippines.
Read More at Wikipedia ›PNOC Exploration Corp.
(PEC.PH) said Monday its board has hired UBS AG (UBS) as financial adviser, sole underwriter and global coordinator for the state-controlled oil exploration firm's plan to sale additional shares to comply with the Philippine Stock Exchange's minimum ownership requirement.The PSE requires minimum public ownership of 10% but public ownership in PNOC Exploration is only 0.21%.PNOC Exploration said it plans to sell around 217.8 million new shares to comply with the ownership rule."The due diligence and valuation process by UBS AG is estimated to take two months," the company said. After that period, the company said it will have to secure the PSE and the Securities and Exchange Commission's approval.At its last traded price of PHP57 on Friday, the shares that PNOC Exploration plans to sell are worth a total PHP12.4 billion ($292 million).Copyright © 2012 Dow Jones Newswires...Social Security System, or SSS, is looking to increase its exposure to the Philippine stock market to boost investment earnings growth this year amid lower returns f...
MANILA -(Dow Jones)- The Philippine Stock Exchange Monday said it cleared the planned initial public offering of Megawide Construction Corp., which could raise as mu...
Tel Aviv Stock Exchange CEO Ester Levanon on the change in the market and stock exchange.
Philex Petroleum Corp. (PXP.PH) said Wednesday the latest seismic survey on its offshore prospects in the Recto Bank in southern Philippines indicate prospective res...
Philex Petroleum Corp. (PXP.PH) said Tuesday that it expects the latest seismic survey of its offshore Recto Bank prospect to add to already significant potential na...
San Miguel Corp. (SMC.PH) plans to increase its authorized capital to PHP30 billion ($701 million) from PHP22.50 billion by creating new common shares and 1.1 billio...
San Miguel Corp. (SMC.PH), a diversified Philippine conglomerate, said Monday it has yet to complete a deal on the sale of a substantial stake in its privately-held ...
A planned signing Tuesday of a deal that will allow San Miguel Corp. (SMC.PH) to invest in billionaire Lucio Tan's two carriers--Philippine Airlines Inc. and budget ...
San Miguel Corp. (SMC.PH) and the group of billionaire Lucio Tan are scheduled to sign a deal later Tuesday that will allow San Miguel to invest in the two local car...
San Miguel Corp. (SMC.PH) said Tuesday it remains in talks to buy a substantial stake in Philippine Airlines from the carrier's largest shareholder, but downplayed e...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
