A buying and selling suspension on ALT’s stocks will provide the investing public time to soak up the company modifications.
A backdoor listing takes place when a agency buys a controlling stake in a listed company typically now not operating—to enter the stock market.
Last August, ALT disclosed its majority stakeholders offered their 67 percentage stake within the listed corporation to Philab President Hector Thomas A. Navasero and Philab subsidiary Genomics Inc. For P362.324 million.
Earlier, ALT said the Philab organization aimed to use the listed firm as a car to assemble a genomics BPO hub for Genomics Inc.
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