September 23, 2019
Kormasinc Inc. is the majority stockholder of Vitarich Corp. (VITA). In three days, it reduced the number of VITA common shares it owned by 918,200 to 217,203,604. On Sept. 16, 2019, it sold 455,700 VITA common shares at P1.30 each and followed this up by selling 362,500 VITA common shares at P1.25 each. On Sept. 19, 2019, it sold 100,000 VITA common shares at P1.25 each.
When Kormasinc sold 918,200 VITA common shares in three trading days, the stock opened trading at P1.25; hit a high of P1.26; dropped to a low of P1.22; and closed the session on Sept. 19, 2019 at P1.26 on turnover of 1.729 million VITA common shares. On Sept. 18, 2019, VITA common shares opened trading at P1.27; hit a high of P1.28; fell to a low of P1.25; and closed the session at P1.25. On Sept. 17, 2019, VITA common shares opened trading at P1.30, the stock’s high; dropped to a low of P1.27, which was also its closing price.
On Sept. 20, 2019, VITA common shares opened trading at P1.27, hit a high of P1.30, dropped to a low of P1.25 and closed the session at P1.26. The stock peaked at 30-day high of P1.39 and recorded a month’s low of P1.03.
Sold. Juan Arturo Iluminado De Castro sold 766,260 VITA common shares in four trading days as follows: Sept. 16, 2019, sold 132,000 shares at P1.32 each; Sept, 17, 2019, sold 130,000 shares at P1.30 each; Sept. 19, 2019, sold 251,000 shares at P1.255 each; and on Sept. 20, 2019, sold 253,260 shares at P1.26 each.
De Castro is a member of the 11-person board of Vitarich Corp. The sale reduced his ownership to 6,163,034 VITA common shares, or 0.2018 percent of outstanding common shares.
When he sold 766,260 VITA common shares on Sept. 16, 2019, Vitarich opened trading at P1.32 each; peaked at P1.33 each; fell to a low of P1.28 each; and closed the session at P1.30. On Sept. 17, 2019, VITA common shares opened trading at P1.30, which was also the stock’s high; fell to a low of and closed at P1.27.
On Sept. 19, 2019, VITA common shares opened at P1.25; hit a high of P1.26; fell to a low of P1.22; and closed at P1.26. The stock peaked at 30-day high of P1.39 and fell to a month’s low of P1.03.
On Sept. 20, 2019, VITA common shares opened trading at P1.27; hit a high of P1.30; fell to a low of P1.25; and closed the session at P1.26. The stock peaked at 30-day high of P1.39 and to a month’s low of P1.03.
Annual meeting. Stockholders of Transpacific Broadband Group Inc. (TBGI), who own 3,795,622,000 outstanding voting common shares, will meet at 12:30 p.m. on Oct. 16, 2019 for their annual meeting. The venue is Ground Floor, Summit One Tower Annex Bldg., 530 Shaw Boulevard, Mandaluyong City.
Transpacific used to have 3.8 billion outstanding common shares but reported 4.378 million treasury shares in a definitive information statement (DIS). It listed in the DIS three majority stockholders including PCD Nominee Corp., which holds as record stockholder 1,620,628,790 common shares, or 42.70 percent. Businessman Arsenio Ng, chief executive officer, is TBGI’s No. 1 stockholder with 1,712,370,990 common shares, or 45.11 percent. At number three is Unipage Management Inc. with 500 million TBGI common shares, or 13.17 percent.
The company’s DIS listed as stockholder a Saudi Arabian. His Royal Highness Prince Abdul Aziz Bin Talal Al Saud holds 1 million TBG common shares, or 0.03 percent. The others are Kenneth Co, 42.59 million TBGI common shares, or 1.12 percent; Hilario Ng, 4,008,040 TBGI common shares, or 0.11 percent; Paul Saria, 258,040 TBGI common shares, or 0.01 percent; Simon Ung, 10,000 TBGI common shares; and Oscar Mapua, 40,000 TBGI common shares.
Arsenio Ng is TBGI president and CEO. He holds the same posts in Energy Corp., whose outstanding common shares or only a portion of it are not listed on the Philippine Stock Exchange (PSE). He is also the chairman and CEO of ATN Holdings Inc., whose shares are also PSE-listed. He has been TBGI president and CEO since September 2000 and remains occupying the same posts until today.
Amended POR. Metro Alliance Holdings & Equities Corp. (MAH) said in an amended public stockholders’ report (POR) that as of June 30, 2019, it had 183,673,470 common A shares and 122,448,979 common B shares for a total of 306,122,449 outstanding common shares.
As chairman of Metro Alliance’s seven-person board and company president, Renato Magadia holds 22,125,010 MAH common shares divided into directly owned 125,010 MAH common A shares and indirectly holds 22 million common A shares. His total ownership 22,125,010 MAH common shares represent 7.22 percent of 306,122,449 MAH common shares.
Metro Alliance’s seven directors own 22,125,214 MAH common shares, or 7.22 percent. Of their holdings, three directly holds one common A share each with Byoung Hyun Suh directly owning one MAH common B share.
The same amended POR listed eight principal stockholders as holders of 210,317,108 MAH common shares, or 68.7 percent. Creston Global Ltd. is direct holder of 56,378,388 MAH common B shares, or 18.42 percent.
The others are Chesa Holdings Inc., 40.5 million or 13.23 percent; Pacific Wide Realty & Dev. Corp., 31.498 million common shares, or 10.29 percent; Forum Holdings Corp., 29,809,500 common shares, or 9.74 percent; Rexlon Realty Group Inc., 14,873,112 common shares, or 4.86 percent; Chartered Commodities Corp., 11.296 million common shares, or 3.69 percent; and Mizpah Holdings Inc., 10,128,700 common shares, or 3.3 percent.
The public stockholders of Metro Alliance hold 73,680,126 common shares, which are equivalent to 27.07 percent, according to the POR.
On Sept. 20, 2019, MAH common A shares opened trading at P1.26; hit a high of P1.20; fell to a low of P1.14; and closed the session at P1.16. MAH A common shares peaked at 30-day high of P50 and a month’s low of P1.02.
MAH B common shares opened traded throughout the day’s session at P1.24.
Do the public stockholders of Metro Alliance and other listed companies actually own the number of voting shares attributed to them? Just asking.
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