Some retail investors who were hoping to receive their money from Metro Pacific Investments Corp. (MPIC) sooner rather than later will now have to settle for 'later' after the holding firm apparently ignored a suggestion by the Philippine Stock Exchange (PSE) to pay shareholders who had already tendered their shares ahead of the firm's decision to extend its stock buyback period. MPIC's tender offer period ended last Sept. 7 and the consortium apparently managed to accumulate 96.7 percent of the required shares, which is way above the PSE rule of 95 percent for voluntary delisting.

https://business.inquirer.net/420937/biz-buzz-unpaid-mpic-investors-unhappy-pse

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