PSE to delist Philab Holdings next month

MANILA, Philippines — The Philippine Stock Exchange Inc.(PSEi) is set to delist Philab Holdings Corp. by next month for persisting violations of the structured reportorial requirements under the exchanges’s rules.

The PSE said that the delisting of Philab’s shares will take effect on July 11, 2025.

“Following the conduct of involuntary delisting proceedings involving the company, the exchange resolved to delist the company’s shares from the official registry of the exchange and impose the concomitant penalties under the exchange’s delisting rules,” the PSE said.

Trading of Philab shares has been suspended since 2018.

Philab has again failed to submit its compliant quarterly report for the period ended March 31, 2025, on or before the deadline of May 15, 2025, violating the structured reportorial requirements under the PSE’s consolidated listing and disclosure rules.

Listed in the PSE under the ticker DNA, Philab entered the market through a successful backdoor listing.

Formerly Alterra Capital Partners Inc., Philab was incorporated on Nov. 21, 2000, as iRipple Inc.

In 2017, Alterra acquired 93.48 percent of Philab Industries in a transaction that folded Philab into a new holding company called Philab Holdings Corp.

Philab Industries is engaged in the health care and education sectors and supplies life science equipment in several industries.