Latest Stories

Ever Gotesco loses permit to sell securities, suspended by PSE


MANILA—The Securities and Exchange Commission has stripped mall developer Ever-Gotesco Resources & Holdings Inc. (Ever) of its registration and permit to sell securities, leading to the suspension of trading in its shares of stock on the Philippine Stock Exchange.

In a memorandum, the PSE noted the SEC’s issuance of order of suspension for violation of the requirement of the Securities Regulation Code for failing for a fourth time to hold an annual stockholders meeting.

Ever failed to conduct its annual stockholders meeting despite being a publicly listed company for a fourth time in 2012.

The SEC thus ruled that the registration of securities and permit to sell securities have been suspended for a period of 60 days.

For its part, the PSE implemented a trading suspension on Ever starting Friday “until further notice.”

Ever, led by the family of Jose Go, is engaged in building shopping malls and leasing them out to commercial tenants. It operates two malls, namely, the Ever Gotesco Commonwealth Center and the Ever Gotesco Manila Plaza. Its subsidiary, Gotesco Tyan Ming Development, Inc. is engaged in the real estate business, and owns and operates the Ever Gotesco Ortigas Complex.

In 2009, Ever and Gotesco Tyan entered into a compromise agreement with creditor banks of its foreclosed properties pending court cases.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Ever Gotesco , PSE , SEC , Securities and Regulation Code , Stockholders

  • intsikbeho

    Gotesco may be a legitimate corporation at face value but they are very big scammers

    • Cano Manuel

      True! They should be jailed.

  • ThisGuy

    I kinda miss Grand Central in Monumento…

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • US teacher fired over comment on black president
  • Magnitude-7.5 earthquake shakes Mexican capital
  • Title of new Hillary Clinton book: ‘Hard Choices’
  • Filipinos, Dutch re-enact crucifixion of Christ
  • 14 killed in car bombing in Homs
  • Sports

  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Filipina accomplice arrested for fake bills in Malaysia
  • DoH denies Filipino nurse no longer positive for MERS virus
  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Marketplace