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The Manila Electric Company (PSE: MER), also known as Meralco (/ m ɜːr ɑː l k oʊ /, Tagalog: [mɛˈɾalkɔ], stylized in uppercase), is an electric power distribution company in the Philippines. It is Metro Manila 's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including ...
The company completed its tender offer on September 19, 2023 acquiring 5.46 billion common shares equivalent to 19% of the company and was eventually delisted from the PSE effective October 9. Eight days later on October 17, Ramon S. Ang was elected a member of the company's board of directors after making a direct investment in MPIC.
La Union Electric Company LUECO PIOU Luzon 47,337 List (3) Bauang; San Fernando; ... Manila Electric Company: MERALCO PIOU Luzon 6,612,523 List (114) Alaminos; Alfonso;
The stock of Manila Electric Co (OTCPK:MAEOY, 30-year Financials) shows every sign of being possible value trap, according to GuruFocus Value calculation.
The PSE Composite Index, or the PSEi (previously PHISIX), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange. [1] This is in contrast to the PSE All Shares Index which is an index of all stocks traded on the PSE.
So on June 8, 1961, Tegen and Villanueva signed a preliminary agreement between GPU and the Lopez Group. Lopez needed a new corporate entity to take over the Meralco assets. Two days after, Meralco Securities Corporation (MSC) was established. It was principally organized to acquire ownership of the Manila Electric Company and manage its business.
On January 4, 1993, the former Manila Stock Exchange started the computerization of its operations using the Stratus Trading System (STS) with a company called Equicom. On June 15, the former Makati Stock Exchange adopted the MakTrade trading system. Both systems were linked on March 25, 1994, to produce a One Price-One Market exchange.
The stock is expected to become ex-dividend 1 business day(s) before the record date. Lincoln Electric Holdings, whose current dividend payout is $0.51, has an ex-dividend date set at March 30, 2021.