The SEC and PSE must supply the public a purpose or reasons why the PCD Nominee Corp. Holds such a lot of shares while a record stockholder. In a few instances, it even tops the list of the pinnacle 100 stockholders.
Prime Orion Philippines Inc. (POPI) is an average example. As of June 30, when Ayala Corp. Has now not but offered into it to emerge as its majority stockholder, PCD Nominee held 1.684 billion shares, or 70.287 percent, which, in turn, are held by way of diverse stockbrokers.
Prime Orion’s public possession record (POR) contained even tons less than what the pinnacle one hundred stockholders’ listing had. It had best two predominant or large stockholders. Guoco Asset (Phils.) Inc. Owned 451.256 million stocks, or 18.Eighty three percent even as Genez Investments Corp. Held 263.819 million stocks, or 11.01 percent.
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