Century Peak Holdings Avoids Trading Suspension Following Timely Report Submission

The Philippine Stock Exchange (PSE) confirmed that Century Peak Holdings Corp. (CPM), owned by businessman Willie Keng, has averted a trading suspension by submitting its quarterly report for the period ending September 30. In a statement dated November 27, the PSE announced that CPM shares will remain tradable as the company complied with the exchange's reportorial requirements.\n\n"Given its compliance with the structured reportorial requirements of the Exchange, the trading of CPM shares will no longer be suspended on December 1," the PSE said.\n\nPreviously, the bourse issued a warning on November 25 indicating that both Century Peak and Suntrust Resort Holdings would face suspension of their shares starting December 1 if they failed to file their respective quarterly reports by November 29.\n\nWhile Century Peak fulfilled its obligations, Suntrust Resort Holdings has yet to submit its quarterly report. Consequently, should the PSE enforce its notice, Suntrust’s shares will be suspended from trading. The company’s latest filing was its general information sheet on November 28.\n\nSuntrust is primarily owned by Fortune Noble Ltd. of Hong Kong, with Megaworld Corp. holding a 34-percent stake. The PSE continues to monitor compliance to ensure market transparency and safeguard investor interests.