FRANCISCO ILAO

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                    [ArticleID] => 154169
                    [Title] => SEC okays par value cut of Metrobank shares
                    [Summary] => The Securities and Exchange Commission (SEC) recently approved the reduction of the par value of Metrobank shares from P100 to P20 per share and corresponding increase of the bank’s common shares from 500 million to 2.5 billion.


With this development, each share will be split into five shares, thus, existing Metrobank shareholders will get five shares for every share they own. The total par value of shares owned by a shareholder remains the same.


                    [DatePublished] => 2002-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

SEC okays par value cut of Metrobank shares

March 17, 2002 - 12:00am

The Securities and Exchange Commission (SEC) recently approved the reduction of the par value of Metrobank shares from P100 to P20 per share and corresponding increase of the bank’s common shares from 500 million...

Business