PNB Holdings pushing through with listing by way of introduction

MANILA, Philippines — LT Group Inc. subsidiary PNB Holdings Corp. (PHC) is pushing forward with its plan to list by way of introduction at the Philippine Stock Exchange (PSE).

In a stock exchange filing, LT Group said that PHC has filed an application for the registration of its shares with the Securities and Exchange Commission in preparation for the listing of its subscribed capital stock under Part G, Article III of the consolidated listing and disclosure rules of the exchange, listing by way of introduction.

LT Group said that updates on material developments regarding the plan would be disclosed to the PSE, including regulatory clearances, listing timetable and other relevant milestones, as these become available.

Listing by way of introduction allows a company to list its shares with the PSE without having to sell shares to the public immediately.

Under the rules, listing of securities by way of introduction may be appropriate when the securities of an unlisted issuer are distributed by way of property dividend by a listed issuer to shareholders.

The planned listing reflects strong confidence in PHC’s fundamentals and long-term direction.

Its upcoming listing also serves as the company’s formal introduction as a future-ready organization, with 2026 expected to be a pivotal year as PHC executes the next stage of its long-term plan.

PHC’s existing portfolio provides a solid base for future growth and redevelopment.

It serves as a holding company of tycoon Lucio Tan’s most attractive real estate assets including PNB Financial Center along Diosdado Macapagal Avenue in Pasay City, the PNB Center along Ayala Avenue in Makati City, as well as the 8,000-square meter property at the intersection of Makati Ave. and Gil Puyat Ave. also in Makati.