The Philippine Stock Exchange (PSE) continues to consolidate its ownership of Philippine Dealing System Holdings Corp. (PDSHC) by acquiring additional shares from the Bankers Association of the Philippines (BAP), AIA Philippines, and other stakeholders.
PHILIPPINE Stock Exchange Inc. has entered into a share purchase agreement with the Bankers Association of the Philippines to acquire 1.16 million common shares of Philippine Dealing System Holdings Corp. .In a disclosure, the bourse said that the deal for a 18.62-percent equity stake held by the BAP, BAP Data Exchange Inc. and member-banks was signed on Tuesday.The PSE and BAP in December earlier signed a term sheet for the sale of up to 1.8 million common shares, or 28.
The local bourse has been buying shares of other PDSHC stakeholders in a bid to consolidate the country's equities and fixed-income exchanges.On Jan. 17, PSE acquired Finex Foundation's 96,388 common shares, or 1.54 percent of PDSHC, and Investment House Association of the Philippines' 40,672 PDSHC common shares equivalent to a 0.65-percent stake.It also entered into agreements with Singapore Exchange Ltd. , Whistler Technologies Services Inc. , San Miguel Corp.
PHILIPPINE STOCK EXCHANGE PDSHC BANKERS ASSOCIATION OF THE PHILIPPINES ACQUISITION EQUITIES
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