delisting - updates

Rappler's latest stories on delisting


Philippine Stock Exchange officially orders Calata delisting

Nov 07, 2017 - 4:50 PM

As part of the process, the local bourse also orders Calata to conduct a tender offer to minority shareholders

PLAN B. Before the cryptocurrency plan, Calata was in talks to sell an 81% stake to Millennium Global, but the latter eventually backed out. Photo by Chrisee Dela Paz/Rappler

Calata plans to convert shares to cryptocurrency amid delisting

Oct 30, 2017 - 9:35 PM

Amid its delisting saga, the embattled agribusiness firm presents its 'Plan B' to save itself following collapsed acquisition talks with Millennium Global

PLAN B. Before the cryptocurrency plan, Calata was in talks with listed Millennium Global to buy 81% stake in the agribusiness firm. Millennium, however, backed out from the plan. Photo by Chrisee Dela Paz/Rappler

Millennium Global backs out from buying into embattled Calata

Oct 24, 2017 - 5:15 PM

Calata no longer has the option to sell a majority stake to Millennium Global – its planned move in a bid to save itself from being delisted from the Philippine Stock Exchange

Calata rejects PSE's voluntary delisting proposal

Oct 17, 2017 - 8:15 PM

Calata Corporation says generating cash for the tender offer is 'grossly impractical' and that selling out to Millennium Global remains the best solution to prevent itself from being delisted

SAVE THE AGRIBUSINESS. Calata's open letter comes as response to the Philippine Stock Exchange's proposal to delist voluntarily on the condition that it will conduct a tender offer to small shareholders. Photo from the official website of Calata

PSE offers Calata voluntary delisting instead of selling out

Oct 16, 2017 - 9:30 PM

The Philippine Stock Exchange says Calata Corporation can voluntarily delist on the condition that it will conduct a tender offer to small shareholders

PROTECTING SHAREHOLDERS. As a neophyte member of the Philippine Stock Exchange, Calata Corporation admits it struggled to comply with all the rigorous requirements of corporate regulators. File photo

To save the firm, Calata to sell out to Millennium Global

Aug 18, 2017 - 11:40 AM

This comes after the Philippine Stock Exchange initiated a delisting procedure against the agribusiness firm due to multiple disclosure violations

PROTECT SHAREHOLDERS. As a neophyte member of the PSE, Calata admits it struggled to comply with all the rigorous regulatory requirements of corporate regulators. File photo

PSE moves to delist dormant Uniwide Holdings

Feb 10, 2017 - 5:02 PM

Shares of Uniwide Holdings were last traded on January 18 2010 when it closed at P0 130 per share

DORMANT. Uniwide Holding started operations in 1995 as a holding company for real estate interest and the franchisor of Uniwide Sales Incorporated and Uniwide Sales Warehouse Club Incorporated – both of which are primarily owned by the Gow family. Rappler file photo

Liberty Telecoms' minority shareholders accept P2.20 per share offer

Oct 26, 2016 - 11:50 AM

The tender shares will be crossed at the PSE no later than November 10 while the settlement date has been set not later than November 15

GOODBYE, PSE. Liberty Telecoms has offered to acquire 165.833 million, representing 12.82% owned by minority shareholders at P2.20 per share

Splash Corporation to delist from PSE

Jul 11, 2016 - 12:26 PM

The personal care company will conduct a tender offer priced at P3 10 per share

LOW TRADING. Splash became popular for providing affordable whitening products that successfully competed with well-known foreign brands. Screenshot from Splash Corporation website

Liberty Telecoms to delist from PSE after San Miguel telco buyout

Jun 21, 2016 - 3:35 PM

The process of the voluntary tender offer and delisting is expected to start within the 3rd quarter of 2016

PSE DELISTING. The delisting comes after PLDT and Globe took over San Miguel Corporation's telecommunications business last May 30 in a $1.5-billion deal

Over 100,000 Davao City voters delisted

Nov 06, 2015 - 10:31 AM

Comelec records show that among the city s legislative districts voters without biometrics data are the following: 45 504 people in the first district 30 403 in the second district and 24 108 in the third district

Photo by Editha Z. Caduaya/ Rappler

PSE suspends trading of 3 firms

May 19, 2015 - 2:35 PM

Asia Amalgated Holdings IP E Game Ventures and LMG Chemicals Corp are suspended for a maximum of 3 months for failure to submit annual reports

Chemrez plans to delist from PSE

Sep 21, 2014 - 4:28 PM

Chemrez Technologies Inc said it would initiate voluntary delisting should its public ownership fall below the minimum 10 requirement

Ongpin: PSE order to delist Alphaland ‘not final’

Sep 10, 2014 - 11:19 AM

The businessman says they will appeal PSE’s decision before regulators and the courts

Photo taken during the annual stockholders' meeting of Alphaland Corporation. Third from L: Alphaland CEO Roberto Ongpin

PNP chief defends Delfin Lee 'delisting'

Mar 13, 2014 - 1:54 PM

Did CIDG do something wrong in delisting Delfin Lee? PNP chief Alan Purisima says Wala I don t think so

PSE to delist Alphaland for violations of disclosure rules

Mar 12, 2014 - 7:07 PM

The exchange says the Roberto Ongpin led company repeatedly failed to submit full accurate and timely disclosures of material information

IN BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Trading of SMDC, Highlands Prime shares suspended

Aug 12, 2013 - 8:22 PM

The companies public floats fall below 10 following a tender offer by SM Land

PSE orders delisting of San Miguel unit's shares

Apr 26, 2013 - 2:18 PM

San Miguel Properties can delisting from the stock exchange even if minority shareholders snubbed its tender offer

DELISTED. San Miguel Properties' shares will be removed from the PSE registry on May 6.

Almost 200,000 voters delisted in Metro Manila

Mar 15, 2013 - 4:45 PM

Thirteen of 17 cities and town in the National Capital Region saw a decrease in registered voters from 2010

San Miguel unit buyback offer way lower than market price

Mar 04, 2013 - 6:13 PM

San Miguel Properties offers to buy out minority shareholders for P134 12 per share The company last closed at P700 in the market

AFP Photo

San Miguel Brewery sets tender offer price

Feb 20, 2013 - 11:21 AM

San Miguel Brewery which is set to delist from the Philippine Stock Exchange PSE set its tender offer price at a discount

AFP Photo

MVP-led tollways unit a step away from delisting

Dec 07, 2012 - 1:13 PM

Diversified conglomerate Metro Pacific Investments Corp MPIC slightly increased its stake in the Philippines biggest road developer to 99 88 as part of moves to delist Metro Pacific Tollways Corp MPTC from the local stock exchange

Lucio Tan's Eton moves closer to delisting after share buyback

Dec 06, 2012 - 5:06 PM

The property firm buys back more than half of its shares held by the public in line with its delisting plan

Nearly one-fifth of ARMM voters fake, delisted

Dec 04, 2012 - 6:37 PM

280 077 on voters list were below voting age or registered more than once

Cheats are messing with the voters’ list

Oct 27, 2012 - 12:05 PM

Keep the vigilance until you shall have reached the polling precinct on May 13 and found your name on the list posted outside the door and actually fed your accomplished ballot onto the counting machine

PAL considers delisting

Sep 28, 2012 - 3:47 PM

Philippine Airlines is considering delisting as the deadline for the new public float rules on the Philippine Stock Exchange approaches

DELIST UNITS. Ramon Ang says several units he heads may delist as the deadline for new public float requirements nears. Photo by Katherine Visconti

San Miguel may voluntarily delist brewery, property, food units

Aug 28, 2012 - 8:49 PM

San Miguel may voluntarily delist 3 units that don t meet the stock exchange s public ownership requirement

Chinatrust to halt trading of shares

Feb 14, 2012 - 10:20 AM

Chinatrust said it will go on a 3 day trading suspension starting February 21 ahead of delisting effective February 24