MGH: Share transfer to forestall delisting

By The Manila Times

Aug 06, 2024 12:16 am

METRO Global Holdings Corp. (MGH) on Monday said that parent firm Fil-Estate Management Inc. (FEMI) had executed a deed of assignment transferring P55 million worth of common shares at a par value of P1 to a third-party investor, Hong Kong-based Smart Share Investments Ltd., to prevent it from being delisted.

It noted that the Bureau of Internal Revenue (BIR) in Juky had issued the registration certificate for the share transfer.

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