PSE Reallocates P110 Million Proceeds of the SRO to Fund Acquisition of PDS

The Board of Directors of the Philippine Stock Exchange, Inc. (PSE) approved the re-allocation of the amount of P110 Million from the proceeds of the stock rights offering last March 22, 2018 initially allocated for product development to fund the Company’s acquisition of shares of the Philippine Dealing System Holdings Corporation (PDS).

The Philippine Stock Exchange, Inc. (PSE) is set to add 61.92 percent to its existing 20.98 percent stake in the Philippine Dealing System Holdings Corporation (PDS) after signing agreements with PDS shareholders on December 26, 2024.

Read more here: PSE to Acquire 61.92 Percent of PDS for P2.32 Billion
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The PDS is the holding company that owns the Philippine Dealing & Exchange Corporation, the operator of the fixed income exchange. It also owns the Philippine Depository & Trust Corp. which serves as the depository for equities and fixed income securities.