Flash mob at the stock exchange
Dancing employees of Rockwell Land Corp. livened up the company's listing ceremony at the Philippine Stock Exchange (PSE) on Friday. The employees did a flash mob on the PSE trading floor.
Rockwell Land listed some P9.1 billion worth of shares by way of introduction at the PSE. Rockwell was the top gainer in Friday morning trade, as its shares rose 258%.
Rockwell Land chairman Manuel Lopez and president Nestor Padilla talked to ANC about the company's capital expenditures for 2012 and future plans. Most of the company's P8 billion capital expenditures this year will be internally generated, but Padilla said the company is looking at the stock market as a future source of capital as well. Warren de Guzman reports. ANC Dateline Philippines, May 11, 2012
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