Republic Biscuit top stockholder of AUB
Credit to Author: EMETERIO SD. PEREZ| Date: Thu, 21 Mar 2019 16:19:09 +0000
Ernest Lawrence Lim Cu is a member of the 11-person board of Globe Telecom Inc. (GLO). At the same time, he is also the company’s president and chief executive officer. He used to own 100,853 GLO common shares
On March 14, 2019, Cu sold 1,000 GLO common shares for P1.908 million, or P1,900 each, and 2,000 GLO common shares at P3.860 million, or P1,930 each. On March 15, 2019, he sold 1,000 GLO common shares at P1.931 million, or P1,931 each.
The sales, which grossed him P9.611 million, left him with 95,853 GLO common shares of which he directly owned 22,309 GLO common shares and indirectly held 73,544 GLO common shares.
In addition to GLO common shares, Cu also directly owned one GLO preferred share with par value of P5, which he said he held since Feb. 16, 2009. He also invested in 16,700 non-voting GLO preferred shares with par value of P500 each. He said he has been holding the balance since Aug. 22, 2014.
On March 19, 2019, Globe Telecom common shares opened trading at P1,940, hit a high of P1,987, fell to a low of P1,940, and closed the session at P1,987. The stock hit a 30-day high of P2,118 and a 30-day low of P1,851.
Acquisition
Luis Miguel Aboitiz is one of the directors of the nine-person board of Aboitiz Power Corp. (AP). He is also the company’s chief strategy officer.
Before selling some of his AP common shares, he owned 12,847,081 AP common shares, or 0.1746 percent. Of his total holdings, he directly held 11,167,081 AP common shares, or 0.1518 percent. His indirect holdings totaled 1.68 million AP common shares, or 0.0228 percent.
On March 14, 2019, he reported his acquisition of 820,000 AP common shares at P35.05 per share. The additional acquisition increased his ownership to 13,667,081 AP common shares, or 0.1857 percent.
On March 19, 2019, AP opened trading at P35, hit a high of P35.05, dropped to a low of P34.50 and closed the session at P34.50. The stock recorded a 30-day high of P39.45 and a 30-day low of P33.10.
Asia United Bank
An amended general information sheet (GIS) showed the authorized capital stock (ACS) of Asia United Bank (AUB) at 500 million common shares with par value of P10 each. Of the bank’s ACS, it reported 485,310,538 common shares as subscribed and paid-up by 106 Filipinos and eight foreigners.
In the same filing posted on the website of the Philippine Stock Exchange (PSE), AUB listed four subsidiaries/affiliates such as Asia United Leasing & Finance Corp., RediMoney Express PTE Ltd. (Singapore), Rural Bank of Angeles Inc. and Cavite United Rural Bank Corp.
Of AUB’s 124 stockholders, 106 Filipinos fully paid their subscriptions to 392,572,967 AUB common shares while eight foreigners fully paid theirs to 92,737,571 AUB common shares. The bank classified the aliens as “various” for not indicating their individual nationality.
Of 485,310,538 AUB common shares, Republic Biscuit Corp. (RBC) owned 158,399,535 AUB common shares, or 32.64 percent as of date of filing. Kuo Yu Holdings held 90 million AUB common shares, or 18.54 percent.
As record stockholder, PCD Nominee Corp. held for Filipinos 50,117,766 AUB common shares, or 10.33 percent, and 16,185,469 AUB common shares, or 3.54 percent, for foreigners.
AUB opened trading on March 19, 2019 at P58.10, hit a high of P58.75, fell to low of P58.10 and closed the session at P58.75. Its common shares hit a 30-day high of P59.50 and dropped to a 30-day low of P58.10
AUB’s owners
A public ownership report (POR) as of Dec. 31, 2018 listed the nine directors of Asia United as holders of 98,890 AUB common shares. Only three of five bank officers held 122,585 AUB common shares.
The same POR showed AUB’s 17 other stockholders but only eight of them owned 267,620 common shares, or 0.06 percent.
Minus all these holdings, AUB public stockholders were deemed holders of 164,544,643 AUB common shares, or 33.91 percent of 485,310,538 outstanding AUB common shares, which are all listed on PSE.
In summing up the entries in its POR, AUB said foreigners held 104,060,823 AUB common shares, or 21.44 percent, which is 18.56 percent below the 40-percent maximum foreign ownership limit.
As AUB’s top three stockholders, RBC has 185,399,535 AUB common shares, or 32.64 percent; Lambda Holdings has 71,999,850 AUB common shares, or 14.84 percent; and Kuo Yu’s has 90 million AUB common shares, or 18.54 percent. Summing them up will total to 320,399,385 AUB common shares, which are equivalent to 66.02 percent of outstanding.
All these ownerships of AUB common shares plus those held by the bank’s public stockholders equals 100 percent of the 485,310,538 outstanding AUB common shares.
Why doesn’t AUB have treasury shares as of Dec 31, 2018? Is this good for the public? Just asking.
esdperez@gmail.com
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