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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
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STRATEGIC PTE

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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
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                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Private placement was approved by proper authorities, says PSE

By Zinnia B. Dela Peña | March 12, 2004 - 12:00am

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)...

Business