The PSE requires applicant companies to instruct their stockholders, who own 10% of the issued and outstanding shares of stock or securities of the company, to enter into an agreement with the PSE not to sell, assign, or dispose of their shares for 180 days after listing. This can be done through an escrow agreement.
What Are the Requirements for Companies Who Want to List Securities on the Philippine Stock Exchange?
Written By Security Bank ()
Updated at September 9th, 2020