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 boost shareholder price and manifest confidence inside the agency’s price and prospects with the buyback.
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MPI acknowledged it would moreover buy once more shares if it deemed its stock as undervalued or extraordinarily unstable. MPI is in the mean time shopping for and promoting at its lowest since October 2021.
