PSE posted an updated list of companies with public float levels below 10%. LTG, SPC, IMI, ALPHA, MAKE, PAL, FDC to name a few are on the list. They are given until December 31, 2012 to comply. “Immediately after December 31, 2012, the Exchange shall impose a trading suspension on the shares of non-compliant listed companies for a period of not more than 6 months, or until June 30, 2013. If after June 30, 2013, a listed company remains non-compliant, the listed company’s shares shall be delisted effective July 1, 2013.”, the memo stated.
Here is the link to that memo http://www.pse.com.ph/resource/memos/2012/DA_2012-0347.pdf
Do you think these companies will let themselves be delisted?