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Philippine Stock Exchange suspends trading of three firms for failing to submit annual reports

( May 20, 2015, 07:10 GMT | Insight) -- The Philippine Stock Exchange, or PSE, suspended trading in shares of Asia Amalgamated Holdings Corp., IP E-Game Ventures Inc., and LMG Chemicals Corp. starting May 19, after the three firms failed to submit structured reporting requirements as required by...The Philippine Stock Exchange, or PSE, suspended trading in shares of Asia Amalgamated Holdings Corp., IP E-Game Ventures Inc., and LMG Chemicals Corp. starting May 19, after the three firms failed to submit structured reporting requirements as required by the exchange, Rappler reported. PSE cited Section 17.8 of the revised disclosure rules, which provides that failure by the issuer to comply with the requirements of the exchange would result in the automatic suspension of shares for a maximum period of three months. All three companies were suspended for their failure to submit their annual report, using Securities and Exchange Commission Form 17-A, for the year that ended Dec. 31, 2014....

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