The maximum surprising entry in POPI’s POR is the public being the controlling stockholder, with 1.Sixty one billion POPI shares, or 67.16 percentage, credited to it.
No board seat
If as of June 30, the general public clearly owned 1.Sixty one billion POPI shares, or sixty seven.16 percentage, it have to have manage of the business enterprise’s seven-character board. The public did no longer as of that date, never did.
On Friday, the PSE website listed seven administrators and none of them belonged to the public.
In equity to POPI, this type of possession presentation in both POR or top a hundred stockholders’ list isn’t its monopoly. Like it, a few, if not many of near three hundred indexed companies, resort their listed shares with the PCD Nominee Corp.
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