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Stock exchange eyes lifting of Meralco trading suspension.
Byline: Kristine Jane R. Liu
The Philippine Stock Exchange (PSE) may soon resume trading of Manila Electric Co. (Meralco) shares after having segregated the disputed stake of state-owned Land Bank of the Philippines (Landbank).
PSE President and Chief Executive Officer Francis Ed. Lim told reporters yesterday they had separated the bank's shares -claimed by a certain Josefina S. Lubrica - from the rest of the utility's stocks.
But the bourse still has to act on unresolved issues, including how to ensure that the disputed shares do not find their way to the exchange once the trading suspension is lifted, he pointed out.
"The board's …
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