+ Follow KIM ENG INVESTMENT LTD Tag
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[ArticleID] => 304692
[Title] => PSE seeks financial adviser for sale of shares under SRC
[Summary] => The Philippine Stock Exchange (PSE) is scouting for a financial adviser to help it determine the best option to comply with the 20-percent industry ownership limitation requirement under the Securities Regulation Code (SRC).
PSE president Francis Lim said the move was in response to a letter sent by the Securities and Exchange Commission, reminding the exchange to comply with the ownership limitation rule. Under the SRC, no single industry should own more than 20 percent of the exchange’s total outstanding capital stock.
[DatePublished] => 2005-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 258371
[Title] => GSIS threatens pullout of P39-B stock investments
[Summary] => State pension fund Government Service Insurance System (GSIS) has threatened to withdraw its P39-billion worth of equity investments in the Philippine Stock Exchange (PSE) and in all other listed companies, mostly comprising of blue-chip stocks.
In a press briefing yesterday, GSIS senior executive vice-president Reynaldo Palmiery said the pension fund is also considering pulling out its holdings in other listed stocks if the PSE fails to shape up and resolve the differences among its members.
[DatePublished] => 2004-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 258272
[Title] => GSIS free to sell its PSE shares
[Summary] => With the Government Service Insurance System (GSIS) declaring its intention to pull out its investment in the local bourse, the Philippine Stock Exchange (PSE) said private investor groups are free to sell their shares the exchange.
PSE officer-in-charge Peter Favila told reporters yesterday that the exchange "is in no position to prevent anyone from selling their shares" in the bourse. He said the PSE board, though, would still decide on GSIS’ plan in the next regular board meeting on July 28.
[DatePublished] => 2004-07-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 244452
[Title] => PSE in talks with local, foreign investors for sale of 40% equity
[Summary] => The Philippine Stock Exchange (PSE) is in talks with a number of foreign and local investor groups for the purchase of the remaining 40- percent equity it needs to dispose off to fully comply with the shareholder ownership limitation rule under the Securities Regulation Code.
Securities and Exchange Commission (SEC) chairman Lilia R. Bautista said the PSE is holding negotiations with one local investor and two foreign investor groups whom she refused to identify. "I was informed that the PSE is currently in talks with these potential buyers," she said.
[DatePublished] => 2004-03-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 242241
[Title] => Private placement was approved by proper authorities, says PSE
[Summary] => The Philippine Stock Exchange (PSE) defended yesterday the sale of 40 percent of its shares to institutional investors, pointing out that the deal had been approved by the Securities and Exchange Commission (SEC) and fully disclosed to its shareholders as well.
The private placement deal is being opposed by a group of stockbroker-shareholders due to alleged irregularities. The group said it is prepared to take legal action if the PSE refuses to nullify the recent sale of the shares to institutional investors.
[DatePublished] => 2004-03-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 242123
[Title] => PSE tables issue of private placement
[Summary] => The Philippine Stock Exchange (PSE) has referred to its counsel the issues raised by a group of stockbrokers questioning the sale via private placement of 40 percent of the bourse’s shares to institutional investors.
PSE president Cayetano Paderanga said the recommendation of the exchange’s general counsel would be taken up by the board in a meeting set tomorrow, or a day before the bourse’s annual stockholders meeting.
[DatePublished] => 2004-03-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 239681
[Title] => PSE completes sale of 40% equity to private investors
[Summary] =>
The Philippine Stock Exchange (PSE) completed yesterday the private placement of its shares to institutional investors with the sale of an additional 812,095 primary shares for P97.04 million.
The shares account for the remaining 3.6 percent of the PSE common shares sold to institutional investors pursuant to the underwriting agreement signed between the exchange and its financial advisor ATR-Kim Eng Capital Partners Inc. The shares were sold at P119.50 per share, a substantial discount from the current price of P150.
[DatePublished] => 2004-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 238819
[Title] => SEC wants brokers’ stake in bourse limited to 20%
[Summary] => The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with the ownership limitation requirement under the Securities Regulation Code.
SEC chairperson Lilia R. Bautista said while the PSE has already divested almost 40 percent of its shares, there is still a need for the exchange to sell another 40 percent to comply with the securities law.
[DatePublished] => 2004-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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)
KIM ENG INVESTMENT LTD
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 304692
[Title] => PSE seeks financial adviser for sale of shares under SRC
[Summary] => The Philippine Stock Exchange (PSE) is scouting for a financial adviser to help it determine the best option to comply with the 20-percent industry ownership limitation requirement under the Securities Regulation Code (SRC).
PSE president Francis Lim said the move was in response to a letter sent by the Securities and Exchange Commission, reminding the exchange to comply with the ownership limitation rule. Under the SRC, no single industry should own more than 20 percent of the exchange’s total outstanding capital stock.
[DatePublished] => 2005-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 258371
[Title] => GSIS threatens pullout of P39-B stock investments
[Summary] => State pension fund Government Service Insurance System (GSIS) has threatened to withdraw its P39-billion worth of equity investments in the Philippine Stock Exchange (PSE) and in all other listed companies, mostly comprising of blue-chip stocks.
In a press briefing yesterday, GSIS senior executive vice-president Reynaldo Palmiery said the pension fund is also considering pulling out its holdings in other listed stocks if the PSE fails to shape up and resolve the differences among its members.
[DatePublished] => 2004-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 258272
[Title] => GSIS free to sell its PSE shares
[Summary] => With the Government Service Insurance System (GSIS) declaring its intention to pull out its investment in the local bourse, the Philippine Stock Exchange (PSE) said private investor groups are free to sell their shares the exchange.
PSE officer-in-charge Peter Favila told reporters yesterday that the exchange "is in no position to prevent anyone from selling their shares" in the bourse. He said the PSE board, though, would still decide on GSIS’ plan in the next regular board meeting on July 28.
[DatePublished] => 2004-07-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 244452
[Title] => PSE in talks with local, foreign investors for sale of 40% equity
[Summary] => The Philippine Stock Exchange (PSE) is in talks with a number of foreign and local investor groups for the purchase of the remaining 40- percent equity it needs to dispose off to fully comply with the shareholder ownership limitation rule under the Securities Regulation Code.
Securities and Exchange Commission (SEC) chairman Lilia R. Bautista said the PSE is holding negotiations with one local investor and two foreign investor groups whom she refused to identify. "I was informed that the PSE is currently in talks with these potential buyers," she said.
[DatePublished] => 2004-03-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 242241
[Title] => Private placement was approved by proper authorities, says PSE
[Summary] => The Philippine Stock Exchange (PSE) defended yesterday the sale of 40 percent of its shares to institutional investors, pointing out that the deal had been approved by the Securities and Exchange Commission (SEC) and fully disclosed to its shareholders as well.
The private placement deal is being opposed by a group of stockbroker-shareholders due to alleged irregularities. The group said it is prepared to take legal action if the PSE refuses to nullify the recent sale of the shares to institutional investors.
[DatePublished] => 2004-03-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 242123
[Title] => PSE tables issue of private placement
[Summary] => The Philippine Stock Exchange (PSE) has referred to its counsel the issues raised by a group of stockbrokers questioning the sale via private placement of 40 percent of the bourse’s shares to institutional investors.
PSE president Cayetano Paderanga said the recommendation of the exchange’s general counsel would be taken up by the board in a meeting set tomorrow, or a day before the bourse’s annual stockholders meeting.
[DatePublished] => 2004-03-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 239681
[Title] => PSE completes sale of 40% equity to private investors
[Summary] =>
The Philippine Stock Exchange (PSE) completed yesterday the private placement of its shares to institutional investors with the sale of an additional 812,095 primary shares for P97.04 million.
The shares account for the remaining 3.6 percent of the PSE common shares sold to institutional investors pursuant to the underwriting agreement signed between the exchange and its financial advisor ATR-Kim Eng Capital Partners Inc. The shares were sold at P119.50 per share, a substantial discount from the current price of P150.
[DatePublished] => 2004-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 238819
[Title] => SEC wants brokers’ stake in bourse limited to 20%
[Summary] => The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with the ownership limitation requirement under the Securities Regulation Code.
SEC chairperson Lilia R. Bautista said while the PSE has already divested almost 40 percent of its shares, there is still a need for the exchange to sell another 40 percent to comply with the securities law.
[DatePublished] => 2004-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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