After 4-year suspension, IS to resume stock trading on July 7

PSEi file photo

MANILA, Philippines — After four years of suspension, logistics and technology provider Island Information & Technology Inc. (IS) will resume trading on the Philippine Stock Exchange (PSE) on July 7 following its compliance with reportorial obligations.

The local bourse announced on Friday that IS had finally submitted annual reports for the years 2020 to 2023 as well as quarterly reports for the periods ended January 2021 to July 2023 and April 2025.

As such, the PSE agreed to lift the trading suspension on IS that has been in effect since March 18, 2021.

Considering the long-time suspension, the PSE added that the trading band (static threshold) on the price of IS shares would be lifted upon the resumption of trading on Monday.

READ: Why more PSE firms are struggling to maintain strong profitability

IS last traded at 14.4 centavos on March 17, 2021, giving it a market capitalization of P703 million.

The primary purpose of IS is to provide cargo container management and integrated logistics services, while its secondary purpose is to provide information technology./dda

READ: PSE to get rid of dormant listed firms