Wednesday 29 April 2020

If the SEC and PSE are interested in making the inventory market more investor-orientated, their tracking teams can also want to give an explanation for the meaning of those entries inside the PORs. Why, for example, integrate “issued and not unusual” stocks as one POR access with the final range classified as “great not unusual stocks”? Is this isn't “double entry” of terms?

Thank you, Mr. Ongpin

Businessman Roberto V. Ongpin is the most effective predominant stockholder indexed in a POR filed on Jan. Sixteen with the aid of PhilWeb Corp. He owns 771.652 million commonplace stocks, or fifty three.Seventy six percentage of one.435 billion superb commonplace stocks, of which he directly owns 21.Eighty four million common shares.

In the equal POR, PhilWeb said PhilWeb Casino Corp. And Pure Corporate Investments Ltd. As direct stockholders with 260.392 million commonplace stocks, or 18.14 percentage and 12.845 million commonplace shares, or zero.Nine percent, respectively.

PhilWeb’s board consists of 11 administrators who, together, maintain 38.231 million common shares, or 2.67 percentage. Among them, Dennis O. Valdes, is the single largest stockholder with 23.757 million commonplace shares, or 1.66 percent.

As a listed company, PhilWeb attributed to the general public the ownership of 352.213 million commonplace stocks, or 24.54 percent.

Incidentally, Mr. Ongpin, who is PhilWeb’s majority stockholder however isn't always a member of the board, emailed me for a piece I wrote on Wednesday. He wrote:

“Just a word to congratulate you on an extraordinary article on your column these days entitled ‘Sin of omissions by using listed corporations.’

“Well completed!
“Bobby Ongpin”
Thank you, Mr. Ongpin, for consisting of Due Diligencer in studying The Manila Times.

Paper wealth

Businessman Alfredo C. Ramos multiplied the wide variety of common shares he owns in Anglo Philippine Holdings Corp. To forty nine,316,872 shares, shopping for additional shares at P1.10 each within the open marketplace. He sold one hundred,000 stocks on March 14; 51,000 shares on March 15, and 49,000 stocks on March sixteen. At the remaining price of P1.10 on Wednesday, his paper wealth multiplied to P54,248,592. As of March 15, Ernesto O. Ang is president and chairman of the board of Primex Corp. He at once and in a roundabout way owned 208,814,995 common stocks or 12.916 percent, and a hundred and seventy,133,335 not unusual stocks or 10.524 percentage, respectively, for a complete of 378,948,330 commonplace shares, or 23.Forty four percent. At the stock’s final rate of P4.39 on Wednesday, he is a billionaire with paper wealth of P1,633,583,168.

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