11 months Travellers plans to delist by October 15 MB |Biz
By James A. Loyola Travellers International Hotel Group, Inc., the tourism and gaming joint venture between tycoon Andrew Tan and the Genting Group, is planning to voluntarily delist from the Philippines Stock Exchange by October 15, 2019. “The conversion from a public entity into a private company will allow the Company to timely address evolving market demands and rapidly changing customer needs without compromising its business strategies to competition,” the firm said in a disclosure. To comply with the Securities Regulation Code and the delisting rules of the PSE, Travellers said it will conduct a tender offer for up to ... more