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Manila Bulletin devider Business devider The Stock Market devider Keppel Philippines officially delisting from PSE on July 8

Keppel Philippines officially delisting from PSE on July 8

Published Jul 2, 2025 02:27 pm
Keppel Philippines Holdings, Inc. (KPHI) will no longer be traded at the Philippine Stock Exchange starting July 8, 2025 after the firm obtained and approval of the bourse and paid the voluntary delisting fee.
The PSE had approved the firm’s voluntary delisting last June 25 and KPHI paid the fee last June 30, 2025.
On April 25, 2025, KPHI submitted a Petition for Voluntary Delisting to PSE for the delisting of the Company’s common shares, with a par value of ₱1.00 per share, that are listed on the Main Board of the PSE under the trading symbol “KPH” and “KPHB”.
Kepwealth, Inc., KPHI’s majority shareholder that proposed the delisting of KPHI, conducted a tender offer for all the outstanding common shares of the Company owned by the other shareholders (other than those owned by the members of the Company’s Board of Directors with respect to their qualifying common shares) from April 28, 2025 to June 11, 2025.
The Tender Offer was conducted to comply with the PSE Voluntary Delisting Rules in view of the Kepwealth’s intention to undertake the Voluntary Delisting of KPHI.
Following the Tender Offer, Kepwealth now beneficially owns 56.85 million common shares (including the common shares registered in the names of its nominee directors which the Bidder beneficially owns), which represents approximately 99.34 percent of KPHI.
On June 19, 2025, KPHI submitted an Amended Petition to update the target voluntary delisting date to on or before July 8, 2025, and to reflect the results of the Tender Offer.
Kepwealth said it believes that the Voluntary Delisting will expedite the decision-making process of KPHI and will allow it to be more flexible in the implementation of corporate activities.
It added that, considering the weak share price performance and the low trading volume of KPHI’s common shares in the market, the Tender Offer, which is required to be able to do the Voluntary Delisting, gave the Company’s public stockholders a reasonable exit opportunity.

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Keppel Philippines Holdings Inc. Kepwealth Inc.
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