By Jenniffer B. Austria | Posted September
11, 2013 | manilastandardtoday.com]
Shares of shopping mall developer Ever
Gotesco Resources and Holdings Inc. will resume trading today, after the
Philippine Stock Exchange lifted the trading suspension on the company’s
shares.
The PSE said in a memorandum it
allowed the resumption of Ever Gotesco’s shares after the Securities and
Exchange Commission lifted suspension of the company’s registration of
securities and permit to sell securities.
SEC director for corporate finance
Justina Callangan said the suspension order against Ever Gotesco was lifted
during the SEC en banc’s recent meeting, after the company paid the P194,400
fine for violation of the Securities Regulation Code.
The SEC ordered the suspension of Ever
Gotesco resources in May for a period of 60 days for not holding the annual
stockholders’ meeting in 2012, the fourth time the company committed such
violation.
Ever Gotesco, which was incorporated
in September 1994 as a holding company, is engaged in building shopping malls
and leasing them out to commercial tenants.
The malls are primarily leased out to
Ever Department Store and Supermarket, cinemas, banks, amusement centers, food
shops, specialty stores, boutiques, drug stores and services shops.
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