TMC Toledo Mining

   By Cris Larano 
 

MANILA--DMCI Holdings Inc. (DMC.PH) said Tuesday if it could have its way, it would delist unit Toledo Mining Corp. (TMC.LN) from the London Stock Exchange "to reduce costs, including listing costs."

However, the Philippine-listed investment holding company, through wholly-owned unit DMCI Mining Corp., only holds a 66.52% stake in Toledo Mining, not enough to allow it to unilaterally delist the company.

DMCI Holdings said under the rules of the London Stock Exchange, the approval of at least 75% of shareholders must be secured before a delisting can take place. "The decision to delist does not solely lie with the company," it noted.

Write to Cris Larano at cris.larano@dowjones.com

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