{"id":30416,"date":"2014-11-03T09:11:18","date_gmt":"2014-11-03T01:11:18","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=30416"},"modified":"2014-11-03T20:18:50","modified_gmt":"2014-11-03T12:18:50","slug":"pse-drafts-new-rules-for-companies","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/11\/03\/pse-drafts-new-rules-for-companies\/","title":{"rendered":"PSE drafts new rules for companies"},"content":{"rendered":"<figure id=\"attachment_22375\" aria-describedby=\"caption-attachment-22375\" style=\"width: 259px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/stocks-stock-market.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-22375\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/stocks-stock-market.jpg\" alt=\"Wikipedia Photo\" width=\"259\" height=\"194\" \/><\/a><figcaption id=\"caption-attachment-22375\" class=\"wp-caption-text\">Wikipedia Photo<\/figcaption><\/figure>\n<p>MANILA \u2013 In order to launch an initial public offering within a given timeframe, the Philippine Stock Exchanges has drafted new requirements for companies.<\/p>\n<p>The new rules involve listing through the backdoor or by including new business into an existing publicly listed company.<\/p>\n<p>Recent surge in trades was in anticipation of a foreseen tightening of backdoor listing rules, a source told the Philippine Daily Inquirer.<\/p>\n<p>Refinements to the backdoor listing rules has also been drafted in order for companies to be introduced properly to the public, also according to the source.<\/p>\n<p>This will be done by requiring companies to submit a prospectus and information memorandum.<\/p>\n<p>The source also revealed that revealed that retail investors lacking enough knowledge on the companies\u2019 backdoor listing are not included in the follow-on offering deals.<\/p>\n<p>Sale of shares to chosen institutional investors are usually included in the said deals.<\/p>\n<p>Meanwhile, a comprehensive corporate disclosure is set as a requirement for backdoor-listed companies for the purpose of discussing major ownership changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 In order to launch an initial public offering within a given timeframe, the Philippine Stock Exchanges has drafted &hellip;<\/p>\n","protected":false},"author":44,"featured_media":22375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[3257,6586],"class_list":["post-30416","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-pse","tag-rules","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/30416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=30416"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/30416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22375"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=30416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=30416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=30416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}