Mass housing developer 8990 Holdings Inc. said its board of directors has approved the proposed delisting of its shares from the Philippine Stock Exchange (PSE).
A PSE disclosure on Thursday said the voluntary delisting "would unlock the intrinsic value of the company’s business and assets, which does not seem to be fully appreciated by the market." The disclosure included the historical trading price of the company’s shares.
Trading in 8990 shares is currently suspended. The stock last traded at P9.20 per share.
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