Friday 19 October
Powered by Ajaxy
Feb 23, 2017 @ 19:16

Lucio co-led Puregold joins PSEi, Andrew Tan’s Emperador out

 

Puregold is set to join the 30-company Philippine Stock Exchange index effective March 13.

Owned by retail magnate Lucio Co, Puregold will replace property tycoon Andrew Tan’s liquor firm Emperador Inc. on the PSEi.

PSEi is the roster of the country’s most liquid, largest-in-market-capitalization stocks and most closely watched stocks.

The recomposition of the PSEi was as a result of a review conducted from January to December last year.

Under the PSE rules, a company can join the PSEi if it rises above the 25th position by full market capitalization, to replace the company that ranks the lowest.

Please follow and like us:

Tags: , , , ,

Related Stories
Bilyonaryo Lucio Co gobbled up over P360 million worth of Cosco Capital Inc. shares.
Conglomerates
For the last seven years, bilyonaryo Lucio Co's Puregold has held the title as the
Supermarket chain operator Puregold Price Club Inc. has set earmarked P3.7 billion for its capital


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.