SPC Power [SPC 14.72 susp] [link] suspension lifted this morning at 10:30am after it provided substantial disclosure about its purchase of a controlling stake in STEAG State Power Inc for USD $52 million.
Fruitas [FRUIT 1.24 0.81%] [link] clarified that a BusinessWorld article about the Balai Ni Fruitas [BALAI 0.75 pre-SEC] was taken from BALAI’s prospectus, that the timing of the IPO is subject to approvals from the SEC and PSE, and that mentioning this doesn’t constitute an offer to sell BALAI shares. Okaaaaay. Noted.
SM Investments [SM 860.00 6.62%] [link] dropped over 6% yesterday because it was dropped from the FTSE Global Asia Pacific Index. This caused (and will continue to cause) significant “out-flows” (selling out of SM), and may continue to provide downward price pressure over the next few days.
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