Preferred shares are liabilitieshome/Business/Business Columns/Preferred shares are liabilitiesJorge Maria Q. Concepcion sold 3,400 common shares at P14.20 each and 46,600 common shares at P14 each of the common shares he directly owns in Shakey’s Pizza Asia Ventures Inc. (PIZZA). As of Dec. 31, 2018, Shakey’s said it is a subsidiary of Century Pacific Group Inc., which held as of said date 812,282,141 PIZZA common shares, or 53.05 percent of 1,531,321,053 outstanding PIZZA common shares, according to a filing. In an explanatory note, Shakey’s said Century Pacific Group’s PIZZA common shares consisted of 796,445,141 common shares it directly owned and 15.837 million lodged with PCD Nominee. On May 28, 2019, he sold 24,087 shares at P11.30 each; 108,084 shares at P11.34 each; 28,905 shares at P11.36 each; 9,587 shares at P11.38 each; 24,415 shares at P11.40 each; and 72,662 shares at P11.70 each, for a total of 267,740 unclassified BRC common shares. Due Diligencer’s takeSome listed companies issue preferred shares but classify them in their financial filings as part of their equity.

Source: Manila Times June 11, 2019 16:18 UTC