cross-holding

Top Frontier Holdings (TFHI) to list by way of introduction

Top Frontier Investment Holdings Inc. (TFHI), the single largest shareholder of conglomerate San Miguel Corporation (SMC) has secured approval from the Philippine Stock Exchange (PSE) to list its shares on the PSE next year.

Top Frontier Investment Holdings owns a major stake in SMC but, interestingly, the conglomerate SMC is also the biggest shareholder of Top Frontier.

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