date:Nov 27, 2012
San Miguel Pure Foods, the food division of Philippine conglomerate San Miguel, has raised about PHP6bn ($146m) with the sale of 2.5 million common shares for PHP240 ($5.82) each.
With this move, the company's public ownership has increased to 15.08%, up from 0.08%.
The Philippine Stock Exchange had asked nearly 27 companies including San Miguel Pure Foods to comply with its rule of 10% minimum public ownership. It warned that non-compliance with this regulation would lead to penalties and for