Biz Buzz: Petron woos investors

Leading oil refiner and retailer Petron Corp. sizzled at the stock market last week after market pundits learned that company officials were on an overseas road show. The expectation was that it would be the next entity in the San Miguel group to launch a secondary share sale to comply with the 10-percent minimum public float required by the Philippine Stock Exchange for continued listing. At present, only 8.5 percent of Petron is held and traded by the public.