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SAN Miguel Corp. (SMC) on Friday said that the Securities and Exchange Commission (SEC) had authorized a proposed shelf offering of up to P65 billion worth of preferred shares.
METRO Pacific Investments Corp.'s (MPIC) unsolicited offer to take over the operations and maintenance (O&M) of the Metro Rail Transit (MRT) Line 3 could be derailed after a Transportation department official disclosed that San Miguel Corp. (SMC) had secured original proponent status (OPS) for a similar offer.
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SAN Miguel Corp.'s board has authorized a shelf registration of up to P65 billion worth of preferred shares, 'to be issued for a period of three years or such other period as determined by management.'
Having reported approved plans for a clay quarry on the outskirts of San Miguel, residents in the town have now taken exception to the plan, with the Asociación de Vecinos de San Miguel de Salinas asking the town hall to reverse the project and add their opposition to the work which will disturb the landscape.
Miguel, 37, left the internet wincing after subjecting himself to temporary skin piercings — allowing for a bizarre, mid-air stunt involving a harness attached directly to his skin — to promote his upcoming album, "Viscera."