sino disclosed to the pse that it is reducing the par value of it shares from 1 peso to 25 centavos ..tho no reason was mentioned in the disclosure .. i guess this is a prelude to sino's restructuring ... the measure is up for approval during the 18 june 2013 stockholders meeting ..
http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3835_SINO.pdf
