MANILA (AFX-ASIA) – The government will not yet exempt Caltex Philippines Inc from the mandatory initial public offering even if it has decided to stop its local refining operations, Energy Secretary Vicente Perez said. “Under the Oil Industry Deregulation Law, only oil refiners should list. Since Caltex is not anymore (operating) a refinery, we cannot…
PHILIPPINES: Caltex not yet exempt from IPO requirement Ð Perez
Posted on September 30, 2003 by EnergyAsia