The board of Metro Pacific Investments Corp. (MPIC) chaired by bilyonaryo Manny V. Pangilinan has authorised a P5 billion shares buyback program.
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The buyback program will start on February 17 or 5 months after its earlier P5 billion buyback program (from October 2020 to September 2021) was completely utilized.
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MPI hopes to reinforce shareholder price and manifest confidence throughout the agency’s price and prospects with the buyback.
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MPI acknowledged it is going to moreover buy once more shares if it deemed its stock as undervalued or extraordinarily unstable. MPI is for the time being shopping for and promoting at its lowest since October 2021.
