The PSE said Steniel has complied with its requirements by submitting its annual report and other financial documents.
Because of the long suspension, the PSE will remove price limits on the stock, which could lead to volatile price swings.
Steniel was suspended on July 5, 2006 after announcing plans to enter into rehabilitation proceedings. This was months after the paper and carton manufacturer defaulted on a P636 million in loans from 2000.
The company prospects turned for the better more than a decade later after creditors led by packaging businessman Nixon Lim took over the firm after a debt to equity conversion deal.
Lim is now the chair, president and CEO of Steniel.
In December 2021 and January 2022, they acquired the box plant assets used by Dole Philippines in Davao del Norte for the production of its packaging materials.
The box plant assets, all located in Davao Del Norte, consist of the buildings, other land improvements, machines, motor vehicles as well as the land where the box plant is located.
Steniel saw dramatic return to the market after an 18-year suspension.
Without any price limits, shares of the revitalized packaging firm surged more than 400 percent to P1.30 each at the open while furious trading activity pushed this to as much as P2 each within minutes.
The stock remains volatile and shares fell to about P1.40 as of 9:46 a.m.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
