PSE, Japanese firms to hold listing forum
The Philippine Stock Exchange (PSE) in partnership with Takara Printing Co., Deloitte Touche Tohmatsu and DLA Piper Tokyo Partnership will hold a Listing Forum on Friday, February 14, for Japanese companies with subsidiaries in the Philippines. The forum, to be held at the Yurakucho Denki Building in Tokyo, aims to encourage companies to cross list in the Philippines or to list their local units in the Exchange.
“We are aware that Japanese companies are looking at expanding their presence in the Philippines especially as the country received ratings upgrade from the three biggest rating agencies last year. One opportunity they may also want to look at is listing at the PSE. This forum is a very good venue for us to explain the business climate in the country, the status of our capital markets and to inform them of the listing procedures we have,” PSE President and CEO Hans B. Sicat said.
Over one hundred Japanese firms are expected to attend the forum. Majority of the companies are in the manufacturing, financial, information and telecommunications industries.
As early as last year, the PSE has had initiatives to attract more Japanese investment. In February 2013, the Exchange partnered with Takara Printing to translate the PSE’s listing rules to Japanese.
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