+ Follow MUSIC SEMICONDUCTORS PHILS Tag
MUSIC SEMICONDUCTORS PHILS
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[ArticleID] => 252184
[Title] => PSE lifts suspension of trading in Music Semiconductors shares
[Summary] => The Philippine Stock Exchange (PSE) lifted yesterday the trading suspension on the shares of Music Semiconductors Corp.
The suspension was imposed by the PSE last May 21 when stock transactions involving Music proceeded without reckoning of the necessity of a price adjustment and the adjustment in the number of shares as a result of the company’s quasi-reorganization.
Under the quasi-reorganization implemented by the company, shares of Music had been reduced from 446.69 million to 89.34 million shares.
[DatePublished] => 2004-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 236721
[Title] => Music Corp to freeze trading of shares
[Summary] => The Philippine Stock Exchange (PSE) has granted the request of Music Corp. for the voluntary trading suspension of its shares effective yesterday to avoid any confusion arising from the firm’s quasi-reorganization.
In a disclosure to the PSE, Music
Corp. said the trading suspension will facilitate the reduction in the number of it’s listed shares.
As a result, trading of Music shares shall be based on the adjusted and reduced number of shares upon lifting of the trading suspension.
[DatePublished] => 2004-01-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 227624
[Title] => Music Corp cuts capital deficiency by more than half to P102M
[Summary] => Publicly-listed Music Corp. has managed to reduce its capital deficiency to P102 million from P344 million last year.
In a disclosure to the Philippine Stock Exchange, Music said it expects to further reduce its capital deficiency to P32 million by end-June next year, with profits projected to reach P70 million for the period Oct. 2003 to June 2004.
This as new orders from customers for the third quarter totaled P128 million, up by 124.56 percent from the previous year’s P57 million.
[DatePublished] => 2003-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 226056
[Title] => Music Corp taps Unicapital as financial adviser
[Summary] => Publicly-listed Music Corp. has appointed Unicapital Inc. as its financial adviser for a planned fund-raising activity, the company told the Philippine Stock Exchange.
Music plans to raise between P60 million and P90 million in additional capital from the issuance of new shares to fund product engineering and development.
The issuance of new shares will come from the firm’s increase in capital stock following a quasi-reorganization of its capital structure.
[DatePublished] => 2003-10-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 220972
[Title] => Music absorbs semiconductor unit
[Summary] => Music Corp. is absorbing the operations of its wholly-owned subsidiary Music Semiconductors Phils. Inc. (MSPI), the company told the Philippine Stock Exchange.
Music said its planned merger with MSPI is subject to the approval of its stockholders and the relevant regulatory agencies.
Music’s board of directors also approved the change in name of the corporation to Music Semiconductors Corp. and the amendment of its primary purpose to manufacturing from that of a holding firm. The board likewise agreed to raise $1 million in additional capital for the company.
[DatePublished] => 2003-09-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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