Philippine Stock Exchange, Bonifacio Global City. INQUIRER PHOTO/LYN RILLON
MANILA, Philippines — The mammoth Tampakan copper-gold project is moving closer to becoming part of a publicly listed company after the Philippine Stock Exchange (PSE) formally classified its planned merger with Dominion Holdings Inc. as a backdoor listing.
The PSE said on Wednesday Dominion’s planned merger with Indophil Resources Phils. Inc. and Sonar Holdings Inc. falls under its revised rules on backdoor listing. This is primarily because the transaction would result in a “substantial change” in the business of the Sy- and Consunji-backed Dominion.
READ: Dominion Holdings charts capital hike to P30B for Tampakan
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