Chemrez Technologies Inc. will be compelled to delist from the Philippine Stock Exchange (PSE) if it no longer complies with the minimum public float requirement of the bourse once its parent firm D&L Industries Inc. completes full acquisition of the listed oleo-fats manufacturer.
In a statement e-mailed to media on Saturday, Chemrez Technologies said the delisting will be pushed if the 10 percent minimum public ownership is not met after D&L’s full acquisition of the company via tender offer. It will then await the PSE’s mandate to involuntarily delist the company.
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