MARKET HEADLINE: SHORT SELLING BY OCTOBER

Melco Resorts and Entertainment (Phils.) Corp. (delisting)
#1
Business Profile:

Manchester International Holdings Unlimited Corporation (MIH) was incorporated as Interphil Laboratories, Inc. on November 6, 1974 primarily to manufacture, process and package drugs, chemicals, pharmaceuticals and veterinary products. On November 21, 2008, the Securities and Exchange Commission (SEC) approved the change in the Company's name to its present one. SEC likewise, approved the change in MIH's primary purpose to that of a holding company.

On July 10, 2008, The Board of MIH approved the creation of two new wholly-owned subsidiaries under MIH. The two companies are First Pharma Industries Inc., a toll manufacturing company, later renamed Interphil Laboratories, Inc. (Interphil), and Lancashire Realty Holding Corp. (Lancashire), a realty company. The operating assets of MIH were moved to Interphil and the real estate assets to Lancashire. These transfers were executed by way of tax-free exchanges following which MIH shall gain absolute control of Interphil and Lancashire.

The company does not engage in any activities other than and in connection with the holding of shares of Interphil Laboratories, Inc. and Lancashire Realty Holding Corp. Manchester (formerly Interphil) also continues to believe in the prospects of the healthcare manufacturing business and real estate.

Source: SEC Form 17-A (2010)


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#2
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#3
http://www.pse.com.ph/resource/disclosur...45_MIH.pdf

1. The reason/purpose of Manchester International Holdings Unlimited Corporation's
("MIHUC") buy-back program is to allow its minority shareholders to have the option
to sell their shares before the "backdoor listing" transaction is implemented and/or
before a new investor comes in.

Any idea if the backdoor is true?
"The plans of the diligent lead to profit as surely as haste leads to poverty." -Proverbs 21:5
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#4
^^The Company itself was the one who disclosed it. So it cannot be rumor. They are the one who knows who will be the new investor coming in. Well for me, it is true kasi nga sila ang nag disclose and they even wrote about it, submitted the document to PSE for the public to know about it. So if ever there is going to be deceit, then the Company itself is the one doing the deceit kasi sila ang nagsabi mismo.
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#5
good morning ma'am and thank you for the reply..silly of me to ask that question when it was the company itself that disclose it Smile guess i better read the disc thoroughly Smile

Again based on the disc, though tentatively, they are planning to buy all the listed shares from the public. it seems that they don't want any public participation with regards to their on-going transaction



"The plans of the diligent lead to profit as surely as haste leads to poverty." -Proverbs 21:5
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#6
kpag naubos iyong 2.50 bili me ng konti :d
muéstreme el dinero
Be Happy, Be Thankful, Be Budoy!
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#7
im wondering, bat di napapansin ng madlang people ito e sinabi n nga ng management ng MIH na meron silang backdoor. di sya rumor. mas gusto ata natin yung rumor rumor na backdoor lang. nyaaaaa. anjan si chucky kahapon ah. bka magalit at kumain na naman ng kumain. watch this stock.
If it doesn't feel right, don't do it!
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#8
sir AB, kasi wala na suspense..gusto ng mga tao kasi un me suspense eh Smile
"The plans of the diligent lead to profit as surely as haste leads to poverty." -Proverbs 21:5
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#9
Tentatively, the number of shares to be repurchased is estimated to be at
27,986,654 which represents 6.79% of the total outstanding shares....

walang nagbebenta hanggat hindi tumataas ang price, siguro target ng mga seller 3 petot Big Grin
muéstreme el dinero
Be Happy, Be Thankful, Be Budoy!
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#10
wala masyado nag se sell kse ang tender offer is way higher than the current market value ni MIH. magkano??? sekwet bulong ng aking angel. Smile
If it doesn't feel right, don't do it!
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