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San Miguel Pure Foods raises $146m through share sale
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

12/24 02:54

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