Saturday, September 23, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PSE announces delisting of PICOP, Unioil Resources

Jenniffer B. AustriabyJenniffer B. Austria
May 24, 2023, 7:00 pm
in Business, Stocks
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Philippine Stock Exchange said Wednesday it is delisting Unioil Resources & Holdings Co. Inc. and PICOP Resources Inc. from the local bourse over the companies’ continuing non-filing of reportorial requirements and non-payment of penalties for disclosure violations.

Unioil Resources and PICOP will be removed from the exchange’s office registry on June 23 this year, the PSE said in separate advisories posted on its website.

PSE president and chief executive Ramon Monzon said the exchange resolved to delist Unioil Resources and PICOP after conducting involuntary delisting proceedings.

The PSE said Unioil Resources had not filed its annual financial statements for the years 2017 to 2022 and quarterly reports from March 2018 to September 2022.

Unioil Resources also has had negative stockholders’ equity since the year ending December 2000, it said.

The PSE will also boot out PICOP from the exchange over the latter’s non-filing of annual reports from 2008 to 2022 and quarterly reports from March 2009 to September 2022.

It also failed to file other reportorial requirements such as foreign ownership reports, list of top 100 stockholders, public ownership requirements, among others, it said.

PICOP also failed to pay the penalties for disclosure violations and the annual listing maintenance fees, the PSE said.

PICOP is an integrated forest and paper company. It serves the local market for newsprints, telephone directory paper and kraft linerboards.

Trading of PICOP’s stocks has been suspended since June 4, 2008 when it closed at P0.205 apiece.

Under the PSE’s delisting rules, a company that has been kicked out from the local bourse is prohibited from applying for relisting within a period of five years from the effective date of delisting.

The PSE also delisted Primetown Property Group Inc. and Export & Industry Bank in 2021.

It reported plans to delist companies that have been suspended and have not been trading for some time.

The PSE suspended last week the trading of six companies over the non-filing of 2022 annual financial statements. These companies included TKC Metals Corp., Phoenix Petroleum Philippines Corp., Manila Jockey Club Inc., MJC Investments Corp., IPM Holdings and DFNN Inc.

The PSE earlier gave listed companies until May 18 to file their respective annual reports. Under the PSE’s consolidated listing and disclosure rules, the companies’ failure to comply with the requirements of the exchange within the prescribed period will result in the automatic suspension of the trading of their respective shares.

Unioil, chaired by businessman Exequiel Robles, was previously involved in oil exploration and mineral development projects. Trading of Unioil shares was suspended on May 17, 2018 when it closed at P2.46 apiece.

Tags: Philippine Stock ExchangePICOP Resources Inc.Unioil Resources & Holdings Co. Inc.
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Maynilad assures customers of enough supply this year, begins water recycling

byRoderick T. dela Cruz
September 23, 2023, 2:33 pm
0
8
Maynilad assures customers of enough supply this year, begins water recycling

Maynilad Water Services Inc. (Maynilad) assured customers of adequate supply in the west concession area until the end of the...

Read more

Lazada ‘mompreneur’ turns P2,000 into multi-millions

byManila Standard Business
September 23, 2023, 2:27 pm
0
8
Lazada ‘mompreneur’ turns P2,000 into multi-millions

In the bustling world of e-commerce, where competition is fierce and success is often hard to achieve, one Lazada “mompreneur”...

Read more

Business confidence weakened in Q3

byJulito G. Rada
September 22, 2023, 9:05 pm
0
8
Philippine economy plays catch-up

Businessmen turned less bullish in the third quarter on lower sales and higher prices of raw materials, results of a...

Read more

Monde Nissin, Concepcion tap new executives

byJenniffer B. Austria
September 22, 2023, 9:00 pm
0
8
Concepcion reported P19.3-m income in Q3

Appliance maker Concepcion Industrial Corp. (CIC) and food manufacturer Monde Nissin Corp. on Friday announced new appointments to beef up...

Read more

Solar Tanauan’s 140-MW project employs advanced tools

byAlena Mae S. Flores
September 22, 2023, 8:55 pm
0
8
EU seeks to put brakes on Chinese electric cars without hurting ties

Solar Tanauan Corp.’s 140-megawatt solar power plants in Batangas and Cavite are employing advanced project design and execution tools and...

Read more

6 groups buy bid papers for NAIA project

byDarwin G. Amojelar
September 22, 2023, 8:50 pm
0
8
World economy faces more pain in 2023 after gloomy year on war, inflation

The Department of Transportation (DOTr) said Friday it expects to attract more potential bidders for the modernization and privatization of...

Read more

Print Edition

View More

Recent Posts

  • Caloocan holds 10th Mega Job Fair
  • Malaysia to boost collaboration with PH on halal, digitalization
  • PH, US, Japan boost security cooperation in Indo-Pacific
  • Maynilad assures customers of enough supply this year, begins water recycling
  • PBMM: Bagong Pinas Serbisyo Fair to bring new hope, beginnings
  • DOST to conduct HANDA Pilipinas DRRM expo in Cagayan de Oro
  • Lazada ‘mompreneur’ turns P2,000 into multi-millions
  • Cops arrest 2 drug suspects in Muntinlupa, seize P3.5-M in shabu

Advertisement

Latest News

DOST to conduct HANDA Pilipinas DRRM expo in Cagayan de Oro

byManila Standard
September 23, 2023, 2:27 pm
0
8
DOST to conduct HANDA Pilipinas DRRM expo in Cagayan de Oro

The Department of Science and Technology is set to conduct HANDA Pilipinas: Innovations in Disaster Risk Reduction and Management (DRRM)...

Read more

Lazada ‘mompreneur’ turns P2,000 into multi-millions

byManila Standard Business
September 23, 2023, 2:27 pm
0
8
Lazada ‘mompreneur’ turns P2,000 into multi-millions

In the bustling world of e-commerce, where competition is fierce and success is often hard to achieve, one Lazada “mompreneur”...

Read more

Cops arrest 2 drug suspects in Muntinlupa, seize P3.5-M in shabu

byJoel E. Zurbano
September 23, 2023, 2:20 pm
0
8
QC expands free testing program for COVID-19

The continuing police crackdown on illegal drugs in southern Metro Manila yielded significant results Friday night with the arrest of...

Read more

Kamala Harris tasked with new role fighting US gun violence

byAFP
September 23, 2023, 12:00 pm
0
8
Kamala Harris leads high-level US team to meet new UAE leader

US Vice President Kamala Harris took on a new role Friday fighting gun violence, a job likely to give her...

Read more

Philhealth’s Official Statement on Temporary System Downtime

byManila Standard
September 23, 2023, 10:05 am
0
8
Hospitals group urges members to set ‘PhilHealth holiday’ protest

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App