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PSE warns firms on possible trading suspension

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THE Philippine Stock Exchange (PSE) announced that 11 companies are at risk of being suspended from trading due to their noncompliance with the submission of financial reports.

In a public notice, the PSE said that the 11 listed companies have not complied with the structured reportorial requirements of the exchange by failing to submit before the deadline their annual reports for the year ended Dec. 31, 2021 and quarterly reports for the period ended March 31, 2022.

The companies are 8990 Holdings, Inc., AbaCore Capital Holdings, Inc., Araneta Properties, Inc., Basic Energy Corp., Century Peak Holdings Corp., DITO CME Holdings Corp., Leisure & Resorts World Corp., Medilines Distributors, Inc., Philippine Business Bank, TKC Metals Corp. and Vantage Equities, Inc.

“The above-mentioned 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,” the PSE said.

“The exchange will inform the trading participants and the investing public of further developments on the matter,” it added.

In a separate notice, the PSE also announced companies that were still not compliant with the submission of requirements and would continue to be suspended for trading.

These are Abra Mining and Industrial Corp., Bogo-Medellin Milling Co., Inc., Filsyn Corp., Globalport 900, Inc., IP E-Game Ventures, Inc. Philab Holdings Corp., Philippine National Construction Corp., PICOP Resources, Inc., Steniel Manufacturing Corp., and Unioil Resources & Holdings Company, Inc.

“The trading of the respective shares of the above-mentioned companies will remain suspended until further notice,” it added. — Luisa Maria Jacinta C. Jocson

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