PSE Signs MOA extension with SGX, BAP
The first set of MOAs cover the preparatory steps to be taken by the parties in relation to the proposed acquisition by the PSE of the shareholdings of both the SGX and BAP in the Philippine Dealing Systems Holdings Corporation (PDS).
“We have been working closely with BAP and SGX since we signed the original agreement. I am optimistic that the extension gives us enough time to close the discussions,” said PSE President and CEO Hans B. Sicat.
The PDS operates the securities depository and fixed income exchange in the Philippines.