AS the securities industry regulator, the Securities and Exchange Commission (SEC) is tasked to determine whether Philippine Long Distance Telephone Co. (PLDT), Globe Telecom Inc. and Liberty Telecoms Holdings Inc. are all compliant with the rule requiring all listed companies to have at least 10 percent of outstanding capital owned by the public.
Last Friday, I came out with a brief ownership profile of PLDT, Globe Telecom and Liberty Telecoms to enlighten the public about their capital stock. I made no assertions that would suggest they have failed to comply with the 10-percent minimum public ownership rule. Instead, I presented only the numbers as they appear in various filings posted on the website of the Philippine Stock Exchange.
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