Foreign Ownership
PSE Memo for Brokers No. 534-98 • Philippine Stock Exchange • Memo for Brokers • Nov 10, 1998
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November 10, 1998 PSE MEMO FOR BROKERS NO. 534-98 SUBJECT : Foreign Ownership Per the urgent advise of the Philippine Central Depository, Inc. (PCDI), the following listed companies have almost breached their allowed selling for foreign ownership and that there are still pending unregistered lodgments with PCDI as of this date: Issue % age of Foreign Ownership per Transfer Agent ANS 39.11% CMT 39.94% ICT 39.34% KPP 39.97% LSC 40.00% MMC 40.00% PPC 37.42% RCM 30.00% This advice is being issued in addition to the present real-time foreign ownership monitoring being done by MakTrade. In the meantime that the Exchange is studying ways to prevent and resolve foreign ownership breaches, brokers are advised to refrain from buying the above-mentioned issues for the account of foreigners. For your guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer
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