Premiere Horizon Alliance Corp. is set to be included on the highly-tracked FTSE Global Equity Index Series for Asia Pacific ex-Japan and China, on the FTSE Micro Cap and FTSE Total Cap.
The FTSE Global Equity Index Series provides market participants with a series of seamless global equity benchmarks for use in the development of institutional investor policy directions and as the basis for index-linked products.
Premiere Horizon said it hurdled the requirements for index that include: eligibility screening in terms of minimum voting rights, minimum free float and foreign ownership; a minimum investable market cap of $25 million: and liquidity thresholds based on median daily trading volume per month.
Premier Horizon has an average daily trading volume of P190 million since Oct. 29, 2020.
This was after it reported that Marvin Dela Cruz, principal owner of SquidPay Technology Inc. (SPT), a leading fintech company, will be acquiring 55 percent of the company for P925 million.
To date, the P300 million cash payment has been completed and the balance of P625 million will be a combination of cash and/or SPT shares.
Premiere Horizon is involved in contract mining through its subsidiary Premiere Georesources and Development Inc., real estate development through its subsidiary Goshen Land Capital Inc., and tourism estate development through its subsidiary West Palawan Premiere Development Corp. – Ruelle Castro