PSE urges Abra Mining minority shareholders to seek counsel as delisting looms

MANILA, Philippines – The Philippine Stock Exchange (PSE) urged minority shareholders of Abra Mining Industrial Corporation to seek legal advice on available legal remedies, as the local bourse operator moves to delist the company following findings by regulators that the company engaged in trading fraud.

The Securities and Exchange Commission (SEC) earlier found the Beloy family-led company and its officers of engaging in fraudulent trading of unissued and unlisted shares from 2015 to 2019.