PSE to suspend 11 firms

Published May 25, 2022, 5:04 PM

by James A. Loyola

The Philippine Stock Exchange has warned 11 listed firms of possible trading suspension unless they comply with the bourse’s requirement to submit their annual and quarterly reports.

In a notice, the PSE said the listed companies have not complied with the structured reportorial requirements of the Exchange by failing to submit their Annual Reports for the year ended December 31, 2021 and Quarterly Reports for the period ended March 31, 2022, on or before the deadline of May 16, 2022.

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Pursuant to Sanctions for Non-Compliance with Certain Structured Reportorial Requirements under the PSE’s Consolidated Listing and Disclosure Rules, the companies’ failure to comply with the requirements of the Exchange within the prescribed period will result in the automatic suspension of the trading of their respective shares starting on June 1, 2022.

However, a PSE spokesperson said “They will not be suspended if they file, assumption is filing is in order, on or before May 31, 2022.”

The 11 firms listed by the PSE are 8990 Holdings Inc. AbaCore Capital Holdings, Inc., Araneta Properties, Inc., Basic Energy Corporation, Century Peak Holdings Corporation, DITO CME Holdings Corp., Leisure & Resorts World Corporation, Medilines Distributors Incorporated, Philippine Business Bank, TKC Metals Corporation, and Vantage Equities, Inc.

 
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