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The Securities and Exchange Commission (SEC) in the Philippines is discontinuing the classification of common shares into Class A and Class B, a decades-old system used to monitor foreign ownership.
The bidding war between private equity giant KKR and retail investor Primary Health Properties (PHP) has heated up after KKR ...
The Manila Times on MSN3h
SEC scraps share classification rule
AN over 50-year-old share classification rule aimed at monitoring foreign ownership of listed firms has been scrapped by the Securities and Exchange Commission (SEC). In an Aug. 7 memorandum circular, ...