The Philippine Stock Exchange, Inc. (PSE) hosted a bell-ringing ceremony for A. Soriano Corporation (ANS) to commemorate the holding firm’s 50th year as a listed company. ANS was listed at the Manila Stock Exchange and Makati Stock Exchange on October 25, 1973.
ANS has interests in various industries including air transport, asset management, business process outsourcing, real estate, resort operations, and wire manufacturing. Among its major investments are Phelps Dodge Philippines Energy Products Corporation and Seven Seas Resorts and Leisure, Inc. The former manufactures building wires, power cables, and autowires while the latter owns the Amanpulo Resort in Palawan.
In his welcome message during the ceremony, PSE COO Atty. Roel A. Refran cited the company’s share price performance and noted that its stock and market capitalization hit an all-time high four months ago, on June 19. He also noted that the company has been consistently paying cash dividends to its shareholders, with a dividend yield ranging between 7.79 percent and 11.36 percent from 2019 to 2023. He said, “The company’s longevity, sustainability, and success in the businesses it has investments in is proof positive and testament to the visionary leadership, business acumen, and resilience not just of management but also of its Board of Directors.”
Photo 1 (from left): ANS Assistant Corporate Secretary Atty. Joshua L. Castro, ANS Corporate Development Officer Mr. William H. Ottiger, ANS President and COO Mr. Ernest K. Cuyegkeng, ANS Vice Chairman Eduardo J. Soriano, PSE COO Atty. Roel A. Refran, PSE Issuer Regulation Division Head Atty. Marigel M. Baniqued-Garcia, PSE General Counsel Atty. Veronica V. del Rosario, Securities Clearing Corporation of the Philippines COO Ms. Renee D. Rubio, and PSE Finance Division Head Mr. Roberto Jose R. Jimenez.
Photo 2 (from left by row): ANS Vice Chairman Eduardo J. Soriano, PSE COO Atty. Roel A. Refran, PSE Chairman Jose T. Pardo; PSE Director and Chief Justice Teresita J. Leonardo-De Castro (ret.), PSE Director Ferdinand K. Constantino and PSE Treasurer Omelita J. Tiangco.
Photo 3: PSE COO Atty. Roel A. Refran hands the listing anniversary plaque to ANS Vice Chairman Eduardo J. Soriano.
Source: PSE website