The Philippine Stock Exchange will impose a trading suspension beginning May 17 on four companies, including those led by Dennis A. Uy of Davao and Antonio L. Tiu, for their failure to submit their annual reports.
The noncompliant firms are Tiu’s AgriNurture Inc. (ANI), Uy’s Chelsea Logistics and Phoenix Petroleum Philippines Inc., and Philippine Infradev Holdings Inc.
“Pursuant to the rules and as previously announced, continued non-compliance with the structured reportorial requirements by the above-cited listed companies will merit the imposition of a trading suspension on their respective shares at 9:00 a.m. on May 17, 2024,” the exchange said in a notice on Thursday.
Tycoon Manuel Villar Jr.’s Golden MV Holdings, Century Peak Holdings Corp., and Ever-Gotesco Resources and Holdings Inc. avoided suspension after complying with the reportorial requirements of the exchange.
