San Miguel Brewery faces delisting from Philippine Stock Exchange

San Miguel Brewery Inc., a subsidiary of the largest beer producer in the Philippines, has announced a large stock buy-back to begin on March 4th. According to Reuters, San Miguel Beer Intl. has not met its public float, which has prompted this voluntary purchase of approximately 94 million shares. Alongside another unit, San Miguel Properties, public trading has been suspended and both subsidiaries have been given until the end of June to meet their float obligation, or face delisting from the bourse.

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