<\/p>\n
PHILIPPINE National Bank (PNB) said its property arm PNB Holdings Corp. (PHC) continues to organize for its proposed listing by introduction on the Philippine Stock Exchange (PSE), while the timing of the transaction stays under review.<\/span><\/p>\n In a disclosure on Monday, PNB said PHC is undertaking the documentation and other preparatory requirements for the proposed listing, including coordination with the PSE and other regulators.<\/p>\n \u201cPHC continues to maneuver forward with its listing plan and make its shares available to the investing public. PHC views the proposed listing as a crucial step toward broadening its investor base, enhancing market access, and creating long-term value for its shareholders,\u201d the bank said.<\/p>\n PNB said the ultimate timing of the listing will rely upon PHC\u2019s assessment of varied aspects to realize an optimal consequence for shareholders.<\/p>\n \u201cThe ultimate timing of the listing will probably be guided by PHC\u2019s assessment of multiple relevant aspects, with the target of achieving an optimal consequence for its shareholders,\u201d it said.<\/p>\n LT Group, Inc. President and Chief Operating Officer Lucio C. Tan III earlier said the planned listing of PHC may very well be delayed as a consequence of market volatility, geopolitical risks, and the group\u2019s review of its capital expenditure (capex) plans.<\/p>\n PNB said it stays confident within the strategic merits of PHC\u2019s proposed listing and can provide updates as appropriate.<\/p>\n PNB\u2019s net income rose 5% to P6.37 billion in the primary quarter as higher core and other income offset trading and foreign exchange losses.<\/p>\n Its shares rose 0.86%, or 50 centavos, to shut at P58.40 each on Monday. \u2014 Aaron Michael C. Sy<\/b><\/span><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" PHILSTAR FILE PHOTO\/PNB PHILIPPINE National Bank (PNB) said its property arm PNB Holdings Corp. (PHC) continues to organize for its proposed listing by introduction on the Philippine Stock Exchange (PSE), while the timing of the transaction stays under review. In a disclosure on Monday, PNB said PHC is undertaking the documentation and other preparatory requirements […]<\/p>\n","protected":false},"author":1,"featured_media":362539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2254,14984,46293,7626,2396,1283],"class_list":["post-362538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-continues","tag-listing","tag-pnb","tag-preparations","tag-property","tag-unit"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t