The Philippine Stock Exchange (PSE) has moved to delist Philab Holdings Corp. following a prolonged trading suspension due to the non-submission of reportorial requirements.
In a notice dated June 11, 2025, the PSE stated it resolved to remove Philab’s shares from the Official Registry after conducting involuntary delisting proceedings.
The delisting will take effect 30 calendar days from the notice, on July 11, 2025.
Philab, a biotechnology firm involved in health care and diagnostics, has been suspended from trading since May 2018 after it failed to submit its annual report for 2017. Since then, it has continuously failed to meet the structured reportorial obligations required of listed companies.
Its shares were trading at P2.86 per share prior to the trading suspension. It has a public float of 14.4 percent.
Under the PSE’s Consolidated Listing and Disclosure Rules, prolonged failure to submit these reports constitutes grounds for trading suspension, and continued non-compliance triggers involuntary delisting.
Philab is the latest in a series of companies delisted by the PSE from the local bourse due to non-filing of reportorial requirements.
In June 2023, Unioil Resources & Holdings Co. Inc. and PICOP Resources Inc. were also delisted due to their prolonged trading suspensions. The PSE also delisted Primetown Property Group Inc. and Export & Industry Bank. Jenniffer B. Austria
The PSE emphasized that these enforcement actions are meant to uphold market integrity and ensure that listed companies adhere to rules designed to protect investors. Once Philab is delisted, its shares will no longer be traded on the Exchange.
Several companies whose shares have also been suspended for several years due to failure to submit reports include Abra Mining & Industrial Corp., Cyber Bay Corp., Globalport 900, Inc., IP E-Game Ventures, Inc., Manila Jockey Club, Inc., MJC Investments Corp. and Philippine National Construction Corp.
