MANILA, Philippines – PNB Holdings Corp. (PHC), the property holding arm of Philippine National Bank, is moving ahead with plans to list on the Philippine Stock Exchange by way of introduction.
In a disclosure on Monday, the Lucio Tan-led bank said PHC was proceeding with the preparations and documentation needed for the listing by introduction, which would make its shares available to the investing public without raising fresh capital through a traditional initial public offering.
READ: SEC clears PNB Holdings listing on PSE
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PHC views the planned listing as a key step toward broadening its investor base, improving access to capital markets and creating long-term value for shareholders.FEATURED STORIES
