SFA Semicon Philippines Corp. (SSP) is one step closer to a voluntary delisting after its parent firm, SFA Semicon Co. Ltd. (SFA Korea), completed a tender offer for the remaining shares of the company for the purpose of voluntarily delisting SSP from Philippine Stock Exchange (PSE).
Following the tender offer, conducted from Oct. 14 to Nov. 12, 2024, SFA Korea now holds 99.41 percent of the company, more than enough for it to comply with one of the PSE requirements for voluntary delisting.