Landbank’s attempt to purchase Philippine Dealing System Holdings Corp. (PDS Group) has hit a roadblock with just one shareholder willing to sell its stake at P360 per share. The state-owned bank, which had previously announced that it would be accepting offers to sell up to April 5, has been forced to reissue invitations to PDS Group shareholders. shareholders of PSE (Philippine Stock Exchange) and PDS,” Finance Secretery Carlos Dominguez 3rd told reporters. PDS is the parent company of Philippine Dealing & Exchange Corp. (PDEX) and Philippine Depository and Trust Co. (PDTC). PDEX is the dealing exchange for fixed income securities while PDTC acts as depository and registry for participants for both fixed income and equity securities.

Source: Manila Times April 29, 2018 16:41 UTC