Who holds 27.07% of outstanding MAH shares ?Kormasinc Inc. is the majority stockholder of Vitarich Corp. (VITA). In three days, it reduced the number of VITA common shares it owned by 918,200 to 217,203,604. On Sept. 16, 2019, it sold 455,700 VITA common shares at P1.30 each and followed this up by selling 362,500 VITA common shares at P1.25 each. On Sept. 19, 2019, it sold 100,000 VITA common shares at P1.25 each. When Kormasinc sold 918,200 VITA common shares in three trading days, the stock opened trading at P1.25; hit a high of P1.26; dropped to a low of P1.22; and closed the session on Sept. 19, 2019 at P1.26 on turnover of 1.729 million VITA common shares. On Sept. 18, 2019, VITA common shares opened trading at P1.27; hit a high of P1.28; fell to a low of P1.25; and closed the session at P1.25. On Sept. 17, 2019, VITA common shares opened trading at P1.30, the stock’s high; dropped to a low of P1.27, which was also its closing price. On Sept. 20, 2019, VITA common shares … [Read more...] about Who holds 27.07% of outstanding MAH shares ?
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Indonesian gaming YouTuber Kimi Hime is set to meet Communications and Information Minister Rudiantara later this week at the request of the ministry. Kimi's chief lawyer Irfan Akhyari said on Monday that his client had been waiting for the "right moment" to respond to the request and she had decided to meet Rudiantara this week. Irfan further said, as reported by Antara news agency, that Kimi fully supported the government's intentions to safeguard online content so that "the industry will grow in a healthy way". The ministry previously warned the 29-year-old content creator, whose real name is Kimberly Khloe, that it would take down "vulgar" content on her YouTube channel. Last Monday, the ministry invited the social media figure via email and Instagram direct message for a discussion. Read also: Ministry warns YouTuber Kimi Hime to take down 'vulgar' content "We have requested Kimi Hime to come to our office. If she does not come soon, we will take down her content that we … [Read more...] about Kimi Hime set to meet communications minister this week
Business U.S. stock index futures were modestly higher on Thursday, as investors looked past the Federal Reserve's patient stance on monetary policy and awaited more earnings reports. 02 May 2019 07:45PM Bookmark REUTERS: U.S. stock index futures were modestly higher on Thursday, as investors looked past the Federal Reserve's patient stance on monetary policy and awaited more earnings reports.The benchmark S&P 500 index snapped a three-day streak of record high closes on Wednesday as comments from Fed Chairman Jerome Powell appeared to dampen expectations of an interest rate cut this year.The Fed signaled little appetite to adjust rates any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.Traders of U.S. short-term interest rate futures trimmed bets the central bank would cut rates before the end of the year.Investors were occupied by corporate earnings, in what is one of the season's busiest … [Read more...] about Futures eke out gains as investors look past Fed decision
Business U.S. stock index futures were muted on Tuesday, a day after the S&P 500 and Nasdaq set intraday records, with investors going through the latest batch of earnings and weak data from China. 30 Apr 2019 07:51PM Bookmark REUTERS: U.S. stock index futures were muted on Tuesday, a day after the S&P 500 and Nasdaq set intraday records, with investors going through the latest batch of earnings and weak data from China.The S&P 500 on Monday topped its intraday record of 2,940.91 hit on Sept. 21, rising to a session high of 2,949.52. The benchmark index is now up 17.4per cent for the year.Hopes of a resolution to the U.S.-China trade war, upbeat earnings and a dovish Federal Reserve have powered the rally in stocks this year, from a steep sell-off in late 2018.Investors will also pay close attention to the next two rounds of U.S.-China trade negotiations. U.S. Treasury Secretary Steven Mnuchin said that he hopes to make "substantial progress" with Chinese … [Read more...] about Stock futures flat as investors parse latest round of earnings
Business Eli Lilly and Co's first-quarter profit more than tripled, as the U.S. drugmaker recorded a US$3.7 billion gain from its spin-off of animal health unit Elanco. 30 Apr 2019 06:51PM (Updated: 30 Apr 2019 07:05PM) Bookmark REUTERS: U.S. drugmaker Eli Lilly and Co cut its full-year revenue forecast on Tuesday, as it predicted further hits from price declines in the United States and increased generic competition for drugs including erectile dysfunction treatment Cialis.Shares of the company were down 3 percent at US$115.99 before the bell.The drugmaker now expects 2019 revenue between US$22.0 billion and US$22.5 billion, lower than its prior forecast of US$25.1 billion to US$25.6 billion. Analysts had expected US$22.17 billion.Lilly said it also expects to be impacted by the global withdrawal of its cancer drug Lartruvo, a major setback to its cancer treatment portfolio as its older drugs face intensifying competition.The company, however, raised its adjusted earnings … [Read more...] about Eli Lilly cuts revenue forecast, shares fall