THE Philippine Stock Exchange is lifting an almost decade-long trading suspension of AGP Industrial Corp., the former owner of construction firm Atlantic Gulf and Pacific Co. of Manila Inc. (AG&P), after the latter complied with various requirements of the bourse.

Given AGP’s full compliance with the PSE requirements pertaining to the payment of outstanding obligations and submission of reports, the PSE said AGP shares will resume trading on June 22.  

The PSE is also lifting the trading band—which limits the upward and downward movements of a stock to 50 percent in a single trading session—will also be lifted given that shares of AGP have been suspended since March 2002.

AGP shares were last traded in 2001, with its class A shares closing at P4 while the B shares ended at P3.

The PSE said the move also follows the approval by the Securities and Exchange Commission of the quasireorganization and equity restructuring of AGP.

The reorganization includes the declassification of the A and B shares into a single class of common shares and a reduction in the par value of P6 per share to P1. The company also increased its authorized capital alongside a board approval to pursue subscription agreements with various investors relating to the corporation’s issuance of 450 million AGP shares.

The SEC previously lifted an order of revocation of AGP’s registration and permit to sell securities.