MVP clueless on sharp fall in MPIC share price
Metro Pacific Investments Corp., whose share price has fallen in the past week, said it is not aware of any reason for its recent share price decline.
“The company is not aware of any significant pending events which would warrant a sharp decline in its share price and we also reiterate once again that the company has no plans for raising new equity capital in the near future,” MPIC said in reponse to the Philippine Stock Exchange’s query.
MPIC said business had been strong across all its units in the first quarter
“The company would release its first quarter results next week and we note that volumes have been strong across its portfolio during said period,” MPIC said.
It closed 1.4 percent or six centavos lower at P4.42 Tuesday.