THE Philippine Stock Exchange (PSE) has decided to go ahead with the involuntary delisting of Marsteel Consolidated Inc. for failing to respond why it should not be taken out of the trading board despite violating the rules on regulatory filing.

In a memorandum posted on the PSE website late Thursday, PSE President and Chief Executive Officer Hans Sicat said the bourse reached a decision on July 13 to delist Marsteel from the exchange starting August 15.

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