Successes and Failures are Parts of Trading. They are Not Permanent.
IMPT NOTICE: NEWLY REGISTERED MEMBER MUST ACTIVATE THEIR ACCOUNTS TO COMPLETE THEIR REGISTRATION PROCESS

image host
Query on public float and its consequences
#1
What would happen to minority share holder of a company that failed to honor the 10% public float requirement of the PSE? Specifically when the company is reverted back to a privately held.

The World is a Vampire . . .
Reply
image host
#2
...walastik, ang tindi naman ng tanong mo SJ Big Grin pati ako napaigtad dito sa kinuupuan ko eh hehehe Big Grin baka pwede mo chop-chop-in yan para isa isa natin talakayain at masagut Big Grin ...probably

1. what is the 10% public float requirement?
2. why is it important for the sec to implement this?
3. what are capital gains and how is it related to the 10% public float rule?
4. who are the listed companies that must undergo the mandatory rule?
5. are there penalties?
6. what happens if they are unable to comply?
7. pano na kami na maiipit na small investor dito kung sakali matanggal sa pagiging publicly listed ng kumpanya?
Facebook Link to our 2017 SMP Charity Pictures https://www.facebook.com/SMPBack2School2017/
Thanks To ALL Donors, Bawiin Naman Natin sa Profits
Reply
#3
...list ko dito mga tatamaan ng 10% public float rule...paki-edit kung ano ang hindi na kasama dito pls thanks


1.asia amalgamated
2.asia amalgamated
3.active alliance
4.atok big wedge
5.alphaland
6.aboitiz transport system
7.bankard
8.concrete aggregates "b"
9.cosmos bottling
10.chinatrust
11.chemical industries
12.easycall
13.ip-egames
14.eton properties
15.euromed
16.filinvest dev't corp
17.f & j prince holdings "b"
18.first metro investments corp
19.highlands prime
20.integrated microelectronics
21.keppel philippines marine
22.lmg chemicals
23.lorenzo shipping corp
24.manila broadcasting
25.marsteel consolidated "a"
26.mic holdings corp
27.manulife financial corp
28.manchester international holdings "a" & "b"
29.mariwasa siam
30.next stage
31.pal holdings
32.pldt communications & energy ventures
33.petron
34.san miguel purefoods
35.polar properties
36.east asia power
37.republic cement
38.sun life financial
39.sta lucia land
40.san miguel brewery
41.san miguel properties
42.spc power corp
43.tanduay holdings
44.mertro pacific tollways
45.united paragon mining
46.vivant corp
Facebook Link to our 2017 SMP Charity Pictures https://www.facebook.com/SMPBack2School2017/
Thanks To ALL Donors, Bawiin Naman Natin sa Profits
Reply
#4
Keppel to delist shares

KEPPEL PHILIPPINES Marine, Inc. plans to delist its shares on Oct. 28 instead of selling more stocks to comply with the 10% public float rule, the local bourse said in a notice on Tuesday.

The Philippine Stock Exchange said the firm's board of directors has resolved delisting the company's shares on the basis that Keppel Philippines Marine's public float, which is 4.17%, is below the required 10%.

The firm, which is involved in ship repair, will soon be filing a petition for delisting before the PSE.

Trading of shares of Keppel Philippines Marine were halted between 9 a.m. and 10 a.m. on Tuesday, in view of its board's resolution, the bourse said. --KAM

http://www.bworld.com.ph/content.php?sec...s&id=34591

Based on disclosure link, it states the payment of 3 pesos per share.

http://www.pse.com.ph/html/disclosure/pd...68_KPM.pdf
Reply
#5
You read my mind tito, now for the answer to question no. 7, paano pag na ipit tayo?
The World is a Vampire . . .
Reply
#6
Ma'am Ruach thanks for the insightful post. Paano nga ba na-arrive nila na 3 pesos per share ang ibabayad nila? May mga rules ba governing on how to set stock prices when you go private or is it just the prerogative of the majority stock holders? Looking at KPM's charts would conclude that this could be a very profitable endeavor. Thanks for the list tito, ma himay-himay nga ang mga ito.
The World is a Vampire . . .
Reply
#7
(07-12-2011, 07:31 PM)Ollie Wrote: ...walastik, ang tindi naman ng tanong mo SJ Big Grin pati ako napaigtad dito sa kinuupuan ko eh hehehe Big Grin baka pwede mo chop-chop-in yan para isa isa natin talakayain at masagut Big Grin ...probably

1. what is the 10% public float requirement?
Minimum percentage ng outstanding stock na dapat listed sa exchange

2. why is it important for the sec to implement this?
Many reasons pero in general the policy is may minimum public participation ang companies na may public interest

3. what are capital gains and how is it related to the 10% public float rule?
Don't know answer as public float usually refers to capitalization. Maybe because BIR is threatening to impose the Capital Gains Tax (CGT) of 5%/10% on sale of shares of stock of companies not compliant with public float requirement. (instead of stock transaction tax of 0.5%. (See National Internal Revenue Tax Code)

4. who are the listed companies that must undergo the mandatory rule?
All as far as I remember. (See Securities Regulation Code)

5. are there penalties?
Delisting is "biggest" penalty. See also BIR's threating to impose Capital Gains Tax.

6. what happens if they are unable to comply?
Delisting.

7. pano na kami na maiipit na small investor dito kung sakali matanggal sa pagiging publicly listed ng kumpanya?
Mahirap ibenta stocks nyo kung hindi na listed.

Reply
#8
^ Ayan Ollie. Sana nakatulong. (Inedit ko yan para mas malinaw ang computation ng public float pero nawala edit ko.)
Reply
#9
...bibigyan na kita ng thread atty vastos-na-avatar Big Grin

...you can definitely help
Facebook Link to our 2017 SMP Charity Pictures https://www.facebook.com/SMPBack2School2017/
Thanks To ALL Donors, Bawiin Naman Natin sa Profits
Reply
#10
Inedit ko boss Ollie para malinaw. Walanjo kelangan pa pala ng approval nyo bago ma-edit. Eto bigyan nalang kita ng kopya ng Index Rules para may mababasa ka habang nagbabanyo.

PSE Index Guide
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
image host