THE Philippine Stock Exchange's (PSE) acquisition of a controlling stake in Philippine Dealing System Holdings Corp. (PDS) will boost confidence in the domestic capital market, analysts said.
The PSE announced late Thursday that it had signed agreements to purchase a total of 3.87 million PDS shares worth P2.32 billion, equivalent to a 61.92-percent stake, that would add to an existing 20.98-percent interest.
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