While TVIRD has worked diligently with its underwriter and the regulatory bodies to pursue its IPO and PSE listing, global markets have been in extreme turmoil since the beginning of 2016.

Clifford James

Categorized in : Company News

We are seeing many planned IPOs being deferred to the latter half of 2016 to allow time for the markets to settle and to see the outcome of the presidential elections in the Philippines (in May).

We believe the establishment of a public market for TVIRD shares will allow North American investors to better evaluate the value of TVI's 30.66 percent indirect interest and provide us with a potential source of non-dilutive funding.