Pepsi-Cola Products Philippines Inc. will voluntarily delist from the main board of the Philippine Stock Exchange (PSE) as its public ownership level fell below the minimum requirement. In a disclosure on Thursday, the local unit of the softdrink giant said its board of directors authorized the move “after due evaluation and study of the options available to the company.” This comes after the company said on June 18 that its public ownership level was at 2.1 percent, below the PSE’s 10-percent minimum requirement. That level was reached after the tender offer of South Korean beverage manufacturer Lotte Chilsung Beverage Co. Ltd. concluded. “Considering the level of its public ownership and prevailing market conditions, it will not be able to comply with the minimum public-ownership requirement by Dec.18, 2020,” Pepsi Philippines said. Despite this, it said that it would remain the local bottler of Pepsi, Mountain Dew, 7-Up, Mirinda, Mug, Gatorade, Tropicana, Sting and Aquafina.