Philippine Telegraph and Telephone Corp. wants to resume the trading of its shares at the Philippine Stock Exchange to further expand its business.
PT&T said in a statement it had been working fervently to comply with the requirements of the PSE to have its trading suspension lifted.
Shares of PT&T were last traded on Dec. 9, 2004 when they closed at P0.33.
“PT&T has gone a long way in just a year and our re-listing in the PSE will allow us to serve more Filipinos with our 100 percent fiber Internet and complementary IT services for greater participation in the digital economy,” said PT&T president and chief executive James Velasquez.
“It was encouraging to see a lot of our stockholders at the Annual Stockholders’ Meeting, excited to learn of our progress with regards to our re listing efforts and learn about our business results and strategic projects and initiatives,” he added.
PT&T in December secured an approval from the Branch 66 of the Regional Trial Court in Makati City to exit corporate rehabilitation earlier than the 2025 schedule.