053007: Banco de Oro, EPCIB to be suspended from trading Thursday

May 30, 2007
Updated 10:48:57 (Mla time)
Erik de la Cruz
Xinhua Financial News Service

MANILA, Philippines -- Trading in shares in Banco de Oro Universal Bank and Equitable PCI Bank will be suspended from Thursday, the stock exchange said.

The exchange did not say when the trading suspension will be lifted.

The two banks have secured all regulatory approvals required for their merger. The P613-billion merged entity will be known as Banco de Oro-EPCI Inc and will be the Philippines' second-largest bank in terms of assets.

At 10:17 am, Banco de Oro was steady at P66.50 and Equitable PCI was unchanged at P117.00.

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