THE Philippine Stock Exchange (PSE) will buy more shares in Philippine Dealing System Holdings Corp. (PDS) after its Board of Directors approved a plan to secure a P1.15-billion loan to fund the transaction.

“The Board of Directors of the Company, in its meeting held today, authorized the obtainment of a loan in the amount of P1.15 billion for the purchase of additional shares in PDS Holdings Corp. and P400 million to fund the fit-out and capital requirements of the company for the term of one year,” the bourse announced in a filing on Thursday.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details