Philippine bourse halts trading of ABS-CBN shares

Manila, Philippines. Photo: David Milmont/unsplash

Philippines’ ABS-CBN Corp and ABS-CBN Holdings Corp shares were suspended from trading on Wednesday after the telecoms regulator ordered it to shut down its operations, the stock exchange said.

The media conglomerate went off air on Tuesday night, complying with telecoms regulator’s order as a parliament dominated by President Rodrigo Duterte’s allies have yet to renew the network’s license.

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