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Economy

Calata's trading violation sparks investor activism in the Philippines

Minority shareholders want control of embattled farm products supplier

A Facebook group for Calata minority shareholders and their supporters has attracted over 900 members. (Photo by Ken Kobayashi)

MANILA -- In a rare show of shareholder activism and solidarity in the Philippines, minority investors have launched a bid to take over Calata, one of the country's leading agricultural companies, after it was forced by the authorities to delist for violating disclosure rules. 

The management has moved to calm furious investors, asking for patience as they negotiate the company's fate with the Philippine Stock Exchange. 

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