INQUIRER.net: San Miguel Properties delisting from PSE

INQUIRER.net Philippine News for Filipinos

San Miguel Properties delisting from PSE Feb 6th 2013, 02:51 MANILA, Philippines--Diversifying conglomerate San Miguel is taking its property unit San Miguel Properties Philippines Inc. (SMPI) back to private hands. The board of SMPI approved the filing of a voluntary petition to delist from the Philippine Stock Exchange, said a disclosure on Wednesday. In line with the delisting rules on PSE, the board has also approved SMPI's conduct of a tender offer to buy out shares held by minority stockholders. The thinly traded SMPI, one of the subsidiaries of San Miguel Corp., has a meager public float of 0.06 percent out of its market capitalization of about P85 billion. It last traded at P700 per share on Nov. 13 last year. SMPI was among the ... Keep on reading: San Miguel Properties delisting from PSE Media files: sanm-iguel-properties.jpg (image/jpeg)

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