IMI Makes it to PSE Index
March 4, 2015, Laguna, Philippines — Integrated Micro-Electronics Inc. (IMI), one of the leading worldwide providers of electronics manufacturing services (EMS) and power semiconductor assembly and test services, is now one of the two new members of the Industrial Index as Philippine Stock Exchange (PSE) recently announced changes to the composition of the sector indices.
According to PSE, for a listed firm to be part of the PSEi, it should be among the top companies in terms of liquidity and full market capitalization. It should also have a free float level of at least 12 percent of its outstanding shares.
PSE president and CEO Hans B. Sicat said, “This periodic review ensures that our indices truly represent the best among our listed companies based on the standards set.”
“With this exercise, we hope the components of the indices can reflect the increasing interest the Philippines is attracting as a viable investment destination,” Sicat added.
The index composition is reviewed twice a year using the methodology and criteria identified in the index management policy of the PSE.
The changes will take effect on March 16.
Integrated Micro-Electronics Inc. (IMI) is one of the leading global providers of electronics manufacturing services (EMS) and power semiconductor assembly and test services with manufacturing facilities in Asia, Europe, and North America. It serves diversified markets that include those in the automotive, industrial, medical, telecommunications infrastructure, storage device, and consumer electronics industries. Committed to cost-effective and innovative customized solutions (from design and product development to manufacturing and order fulfillment), the company’s comprehensive capabilities and global manufacturing presence allow it to take on specific outsourcing needs. A subsidiary of Ayala Corporation, IMI is listed on the Philippine Stock Exchange. For more information, visit www.global-imi.com.
IMI will always be relevant, if not on the leading edge of the next big thing."
Arthur R. Tan, Vice Chairman and CEO
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