Roxas Holdings Inc. has requested a voluntary trading suspension of its securities starting today, May 20, until May 31, 2024, to prevent speculative trading after the signing of a non-binding term sheet with businessman Leandro Leviste.
It said the trading of the company will resume on May 31 at 10:00 a.m.
“Once the binding definitive documentation is executed, RHI will make the proper disclosure of material information relating to the proposed investment of Countryside Investments Holdings Corporation in RHI,” the company said, referring to Leviste’s firm.
Roxas Holdings's share price more than doubled to P1.45 over the past two sessions amid takeover discussions.
