The Philippine Stock Exchange, Inc. (PSE) announced today that it has entered into a Share Purchase Agreement with MUFG Bank, Ltd. (“MUFG”) to acquire 12,500 common shares in the Philippine Depository & Trust Corp. (PDSHC), equivalent to a 0.20% ownership interest. The transaction closed on April 30, 2025, with all conditions fulfilled by MUFG.
On the same date, Mizuho Bank, Ltd. also completed the closing conditions for the sale of an additional 5,000 common shares in PDSHC, representing a 0.08% interest, under an agreement executed on April 10, 2025.
These transactions form part of PSE’s broader strategic initiative to acquire up to 100% of PDSHC. The initiative aims to integrate the depository, trading, clearing, and settlement functions under one corporate umbrella, thereby aligning the Philippine capital market structure with global standards.
Through this vertical integration, PSE seeks to:
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Create a unified marketplace for equities, fixed income, and other financial instruments;
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Simplify capital-raising by providing a single venue for both equity and debt listings.
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Improve operational efficiency and risk management across the securities trading and post-trade lifecycle;
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Facilitate the development of new financial products and services, including derivatives;
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Enhance market surveillance and investor protection across asset classes.
The completion of the full acquisition is subject to customary regulatory and corporate approvals, including the execution of definitive agreements and delivery of necessary closing documents. PSE is actively working with all relevant stakeholders to ensure a smooth and timely implementation of this transformative initiative.
The Philippine Stock Exchange, Inc. is the national stock exchange of the Philippines. PSE provides a fair, efficient, transparent, and orderly market for the buying and selling of securities.
