Figaro Culinary Group to delist from Philippine Stock Exchange

MANILA — Figaro Culinary Group is voluntarily delisting from the Philippine Stock Exchange (PSE).

The company, which runs Figaro Coffee, Angel’s Pizza, and Taiwanese restaurant Tien Ma’s, said it received a notice of intention to conduct a tender offer and to voluntarily delist from its parent firm, Figaro Coffee Systems Inc. 

The tender offer will cover the company’s common shares except those owned by majority shareholders Monde Nissin Corporation, Carmetheus Holdings, Inc., and Camerton, Inc. The shares will be bought at P0.82 apiece.

To fund the buyback, Figaro Coffee Systems will get a senior secured term loan facility from China Banking Corporation (Chinabank). 

Two companies have delisted from the PSE in the last 3 years–Metro Pacific Investment Corporation and 8990 Holdings.

Earlier this year, two firms said they would delist from the PSE: Robinsons Retail and MerryMart. 

In March 2025, the PSE cut the minimum public float requirement for IPOs from 20 percent to 15 percent, in the hopes that more companies will go public.

Officials considered 2024 a tepid listing year, with only 3 new companies–OceanaGold Philippines, NexGen Energy, and Citicore Renewable Energy– being listed on the PSE.

But in 2025, only two companies debuted on the Philippine Stock Exchange: Maynilad and Cebu-based Top Line Business Development Corporation.

Resort developer Hann Holdings has yet to debut on the state bourse despite getting SEC clearance in July 2025. 

GCash, one of the country’s biggest fintech firms, is set to debut on the PSE on October 20.