MANILA - PLDT Inc said Monday its unit, Smart Communications, has complied with requirements to list shares on the stock exchange.
Smart's listing obligation has been "complied with" since PLDT, which has a public float of 50 percent, owns 100 percent of the mobile company, PLDT said in a disclosure.
"As such, Smart is effectively owned by PLDT shareholders," according to the disclosure.
PLDT was commenting on a report which said that a public offering for Smart was raised during a Senate hearing on the renewal of its franchise.
PLDT shares were up 0.55 percent to P1,455 at noon Monday.