MANILA, Philippines — Kepwealth Inc. has prolonged its tender supply for all excellent widespread shares of Keppel Philippines Holdings Inc. (KPH) to subsequent month as a part of the latter’s voluntary delisting from the Philippine Inventory Trade.
The tender supply of Kepwealth, which owns 89.86 p.c of KPH, l was initially scheduled to finish on Might 27, 2025.
In a inventory alternate submitting, KPH mentioned that it was suggested by Kepwealth of the approval by the Securities and Trade Fee of its request for an extension of the tender supply interval.
The continuing tender supply has been prolonged to June 11, 2025.
Kepwealth mentioned it determined to increase the tender supply interval to offer minority shareholders extra time to think about tendering their shares, taking part within the tender supply, and making ready the mandatory documentary necessities.
“Additional, this extension will present the minority shareholders an prolonged alternative to exit from KPH due to the supposed delisting of KPH, topic to the related regulatory approvals,” it mentioned.
As of Might 26, 2025, a complete of two.11 million widespread shares of KPH, equal to three.69 p.c of its whole issued and excellent listed shares, have been tendered.
The tender supply at P27.40 per share for all of the excellent widespread shares of KPH commenced on April 28, 2025.
Kepwealth is ready to accumulate as much as 5.81 million widespread shares of KPH, equal to roughly 10.14 p.c of its whole issued and excellent capital inventory.
KPH earlier mentioned it requested the PSE for its voluntary delisting by June 24, 2025.
Listed within the Makati and Manila Inventory Exchanges in 1987, KPH was established as a Keppel Corp. Ltd. of Singapore subsidiary to hold out ship restore and shipbuilding actions within the Philippines.
The corporate was transformed into an funding holding firm named Keppel Philippines Holdings Inc. in 1993.
Semiconductor firm SFA Semicon Philippines Corp. was the final agency that exited the native bourse, voluntary delisting from the PSE on Dec. 12, ending its 10-year run as a listed firm.
