(The Philippine Star) | Updated January 22,
2013 - 12:00am
MANILA,
Philippines - Manny Villar-owned Vista Land and Lifescapes, the country’s
leading homebuilder, is the best company in the country for investor relations,
according to the results of Asiamoney magazine’s 8th annual corporate
governance poll.
The Hong
Kong-based publication tallied votes from 137 CEOs, CIOs, senior executives
from fund management and hedge fund companies in the Asia-Pacific region, as
well as heads of research and senior analysts in brokerages across the region.
The results
were revealed in the January 2013 issue of Asiamoney magazine. Only one company
in the Philippines is cited as the “Best in Investor Relations” in Asiamoney’s
annual poll.
Vista Land,
which was listed on the Philippine Stock Exchange in 2007, prevented Ayala
Corp. from making a clean sweep of all categories in the poll, which included
best for corporate governance, disclosure and transparency, responsibilities of
management and the board of directors, and for shareholder’s rights and
equitable treatment.
“We are
pleased to see our efforts in building strong relationships and improving
communication with the financial community being recognized,” said Ricardo B.
Tan Jr., Vista Land chief financial
officer.
“Our team
will continue to work harder to further improve transparency and encourage
feedback from investors, analysts, and other stakeholders,” he added.
The recent
Asiamoney magazine poll further reinforces the results of a similar
international poll conducted by rival publication FinanceAsia Magazine last
year, which placed Vista Land among the top five in the “Best mid-cap”
category, and among the top 10 “Best Investor Relations.”
Manuel Paolo
Villar, president and CEO of Vista Land, stated: “I am extremely honored to see
that Vista Land has been voted by key executives in the Asian region as the
“Best in Investor Relations in the Philippines” in the recent poll conducted by
Asiamoney magazine.
He added: “As
I have said before, we will continue to strive to improve our standing both at
home and in the international financial community, and hopefully we will
continue to reap the rewards of our hard work in the future.”
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