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 value and manifest confidence throughout the agency’s value and prospects with the buyback.
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MPI acknowledged it’s going to moreover buy once more shares if it deemed its stock as undervalued or extraordinarily unstable. MPI is in the intervening time shopping for and promoting at its lowest since October 2021.
