Phinma Corp. Considers Delisting from Philippine Stock Exchange
1 report, 1 independent
Updated Oct 11
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What happened
Phinma Corp. is considering delisting from the Philippine Stock Exchange. Ramon del Rosario Jr., chairman and CEO of the conglomerate, stated that the idea has come up sporadically because the company's stock is lightly traded and poorly valued. While advisors have suggested looking into the option, the company has not made a final decision.
From philstar.com
Why it matters
The consideration of delisting affects the public trading status and valuation of Phinma Corp. The process would require oversight from the Securities and Exchange Commission, which regulates the Philippine Stock Exchange.
From philstar.com
Who's involved
- ManilaThe location where the company operates and is listed.
- PhilippinesThe geopolitical state where Phinma Corp. is based and listed.
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The entities involved
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Manila
capital city of the Philippines
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Philippines
archipelagic country in Southeast Asia