Keppel Philippines Holdings Inc. (KPH) plans to voluntarily delist from the Philippine Stock Exchange on June 24, 2025, following a tender offer to minority shareholders.
Parent firm SFA Korea — which owned 89.98 percent of the listed firm’s shares prior to the tender offer — now owns 99.41 percent of the outstanding shares after public investors representing 9.43-percent ownership sold their stakes back.
Businessman Robert John L. Sobrepeña’s suspended Metro Global Holdings Corp. narrowly avoided being removed from the Philippine Stock Exchange via automatic delisting after its parent firm assigned a block of shares to a third party company.
The Securities and Exchange Commission (SEC) said the corporate leadership of Abra Mining and Industrial Corp. was involved in the illicit creation and trading of up to 169 billion shares prior to its 2021 suspension, culminating in one of the country’s largest stock trading scandals in recent memory.