Regulator allows PSE to pursue PDS buyout

By Brix Lelis

Nov 25, 2023 12:18 am

THE Philippine Stock Exchange Inc. (PSE) can now pursue plans to take control of Philippine Dealing System Holdings Corp. (PDS), the Securities and Exchange Commission (SEC) said on Friday.

The commission en banc, in a meeting last Tuesday, resolved to allow the PSE to 'apply for exemptive relief from the mandatory limit on ownership and voting rights in an exchange by an individual or an industry once negotiations for the buyout of the PDS Group have been favorably concluded.'

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