The Manila Times

Delisting favors Calata

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the stock market’s rule, the PSE should have also taken into account the interest of the public investors who trade the com

Due Diligencer’s take

By delisting the stock, the PSE saved Calata and its owners from closer scrutiny by the public who still hold common shares they either bought on the open market or

To whom then could Calata’s public stockholde­rs turn to address their grievances either against the PSE or Calata’s major-

As Calata’s POR showed, outstandin­g common shares are held by the public, making Are they, really, given that this - tend to give them control of the

As a matter of fact, the Calata brothers, Joseph and Melvin, decide who should join them in the six-person board, including

listed companies do not decide who should be elected and who should be appointed to the board

Due Diligencer favors more transparen­t listed companies to the point of suggesting a total including all classes of stocks, whether common or preferred, listed companies would do justice to the recent regulatory in

The question, though, is, would bring about compliance by the company with what truly belongs to the public – which means, their

Has Calata made a tender to buy out the public of their hold

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