Sy-owned SM group is Atlas’ principal stockholder
Credit to Author: Emeterio SD. Perez| Date: Tue, 04 Feb 2020 16:28:05 +0000
Martin C. Buckingham, a member of the board of Atlas Consolidated Mining and Development Corp. (AT), sold 696,000 AT common shares at P2.50 each and 4,000 AT common shares at P2.51 each for total sales of 700,000 AT common shares. The sale, which he made on Jan. 28, 2020, reduced his ownership to 15,343,902 AT common shares, or 0.43 percent of 3,559,532,774 outstanding AT common shares, from 16,043,902 AT common shares, or 0.45 percent.
A public ownership report (POR) as of Dec. 31, 2019 but posted on the website of the Philippine Stock Exchange (PSE) on Jan. 15, 2020 listed Atlas’ public stockholders as owners of 716,338,625 AT common shares, or 20.13 percent of outstanding. It listed three principal stockholders, such as Alakor Corp. and Anglo Philippine Holdings Corp., which businessman Alfredo C. Ramos indirectly owns.
The same POR showed Alakor with direct ownership of 139.45 million AT common shares and indirect ownership of 339,108,461 AT common shares, for total holdings of 478,558,461 AT common shares, or 13.44 percent. Anglo directly held 966,000,292 AT common shares and indirectly owned 53,570,500 AT common shares, for total ownership of 1,019,570,792 AT common shares, or 28.64 percent.
SM Investments Corp. was also listed as one of AT’s three principal stockholders. It directly owned 1,200,835,499 common shares and 11,192,644 common shares for total ownership of 1,212,028,143 common shares, or 34.05 percent of outstanding. Thus, Ramos and the family of businessman Henry Sy Sr. directly held 2,306,285,791 AT common shares and indirectly owned 403,871,605 AT common shares for total holdings of 2,710,157,396 common shares, or 76.13 percent.
On Jan. 28, 2020, AT common shares opened trading and hit a high of P2.60, dropped to a low of P2.50, and closed the session at P2.55 on volume of 740,000 AT common shares. On Feb. 3, 2020, the stock opened trading and peaked at P2.65 and fell to a 30-day low of P2.31.
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Kormasinc Inc. previously directly owned 2,178,598,604 common shares in Vitarich Corp. (VITA). The company reduced its holdings to 2,178,518,604 common shares, or 71.325 percent of 3,054,334,014 outstanding VITA common shares after selling 140,000 common shares – 117,300 common shares at P1.3033 each on Jan. 29, 2020 and 65,000 common shares at P1.3000 each on Jan. 30, 2020. It bought back 70,000 common shares at P1.1667 each on Jan. 31, 2020.
A POR as of Dec. 31, 2019 but posted on Jan. 10, 2020 on the PSE website listed Kormasinc as direct owner of 2,178,799,604 VITA common shares, or 71.33 percent of 3,054,334,014 outstanding common shares shown on the PSE website. The filing showed Vitarich’s public stockholders as owners of 800,696,412 common shares, or 26.22 percent.
Vitarich has other stockholders, such as the 11-person board, which directly and indirectly held 73,887,165 common shares and 180,859 common shares, respectively, for total ownership of 74,068,024 common shares, or 2.42 percent.
On Jan. 29, 2020, VITA common shares opened trading at P1.28, hit a high of P1.32, dropped to a low of P1.26, and closed the session at their high of P1.28. On Jan. 30, 2020, the stock opened trading at P1.29, hit a high of P1.31, dropped to a low of P1.26, and
closed at P1.28.
On Jan. 31, 2020 when Kormasinc bought back 70,000 VITA common shares at P1.667 each, the stock opened trading at and hit a high of P1.28, dropped to a low of P1.16, and closed at P1.17.
On Feb. 3, 2020, VITA common shares opened trading at P1.14, hit a high of P1.15, dropped to a low of P1.08, and closed at P1.13. The stock peaked at a 30-day high of P1.32 and fell to a 30-day low of P1.08.
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Ayalaland Logistics Holdings Corp. (ALHHC) has 6,301,591,987 outstanding common shares, according to the PSE website. A POR as of Dec. 31, 2019 listed two principal stockholders, such as Ayala Land Inc. (ALI), direct holders of 3,928,776,163 common shares and indirect owners of 538,976,671 common shares for total holdings of 4,467,752,834 common shares, or 70.9 percent of 6,301,591,987 ALHHC common shares.
Orion Land Inc. is the other principal stockholder of Ayalaland. It indirectly held 49,444,216 ALHHC common shares, or 0.78 percent, according to the POR.
In a separate filing, Ayalaland said: “Further to our disclosure dated May 24, 2019 and Sept. 9, 2019, please be advised that our company has issued 49,444,216 new common shares to Orion Land Inc. (OLI). The issuance of these shares would cover the second tranche of the sale of company shares by OLI to Avida Land Corp.
“In view of the foregoing, the number of our issued and outstanding common shares is now 6,301,591,987.”
Being public stockholders without board directorship, they were credited with 1,677,567,778 ALHHC common shares, or 26.62 percent of outstanding.
On Feb. 3, 2020, ALHCC common shares opened trading at and hit a high of P2.55, dropped to a low of P2.48, and closed at P2.50. Volume was 946,000 common shares, or 0.015 percent of 6,301,591,987 outstanding common shares. The stock peaked at a 30-day high of P3.13 and fell to a 30-day low of P2.48.
Ayala Land Inc. (ALI) is supposed to be a subsidiary of Ayala Corp. (AC). It held 70.9 percent of ALHCC’s outstanding common shares. A POR listed AC as direct holder of 6,545,976,579 ALI common shares, or 44.47 percent of 14,719,962,101 outstanding common shares. The public stockholders, on the other hand, held 8,041,480,671 ALI common shares, or 54.63 percent of outstanding, which makes ALI more public than any other listed companies.
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