PSE TO HOLD LISTING FORUM FOR JAPANESE FIRMS IN TOKYO

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The local bourse has tied up with several Japanese firms to conduct a listing forum for Japan-based companies in the Philippines to encourage their local units to offer their shares in the Philippine Stock Exchange (PSE).

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In partnership with Takara Printing Co., Deloitte Touche Tohmatsu, and DLA Piper Tokyo Partnership, the PSE will hold a Listing Forum on February 14 for Japanese companies with subsidiaries in the Philippines.

To be held at the Yurakucho Denki Building in Tokyo, the forum aims to encourage companies to cross list in the Philippines or to list their local units at the PSE.

“We are aware that Japanese companies are looking at expanding their presence in the Philippines, especially as the country received rating upgrade from the three biggest rating agencies last year,” Hans Sicat, PSE president and chief executive officer, said.

“One opportunity they may also want to look at is listing at the PSE. This forum is a very good venue for us to explain the business climate in the country, the status of our capital markets, and to inform them of the listing procedures we have,” he added.

Over 100 Japanese firms are expected to attend the forum. Majority of these companies are in the manufacturing, financial, and information and telecommunications industries.

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