Republic Acts1 min read
Section 9September 28, 1991, Sec./Art. 9
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Public Offering – In compliance with the constitutional mandate to democratize ownership of public utilities, the herein grantee shall make offering through the stock exchanges of at least thirty percent (30%) of its common stocks within a period of three (3) years from the date of effectivity of this Act: Provided, that no single person or entity shall be allowed to own more than five percent (5%) of the stock offerings.
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