THE Philippine Stock Exchange will adjust the float levels of three sector index-member firms on Monday, May 29, following the conduct of its quarterly rebalancing of float levels.
The rebalancing is based on the firms’ public ownership reports as of March 31.
Industrial firms Crown Asia Chemicals Corp. and Cirtek Philippines Holdings Corp. will both have their float levels adjusted downward: from 51 to 43 percent for Crown, and from 50 to 35 percent for Cirtek.
Century Properties Group Inc.’s float level will be adjusted upward to 39 from 33 percent.
Published in the SunStar Cebu newspaper on May 24, 2017.
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