Tuesday, May 19, 2015

PSE suspends 3 companies


MANILA, Philippines - Trading of the shares of three companies were suspended by the Philippine Stock Exchange on Tuesday.

LMG Chemicals Corporation, IP E-Game Ventures, Inc. and Asia Amalgamated Holdings Corporation were suspended after they failed to submit their respective 2014 annual reports.

Section 17.8 on sanctions for non-compliance with certain structured reportorial requirements of the revised disclosure rules provides that failure by the company to comply with the requirements of the Exchange will result in the automatic suspension of the trading of its shares for a maximum of 3 months.

source: www.abs-cbnnews.com