PNB real estate subsidiary seeks PSE listing enablePagination: false endIndex: Metro Manila (CNN Philippines, April 30) — The Philippine National Bank has disclosed moves to list on the Philippine Stock Exchange a subsidiary, PNB Holdings Corp., which could enable stockholders of that unit to gain corresponding shares of the proceeds from plans to sell off "low-earning assets" that include properties in Makati and Pasay cities. PNB Holdings is a holding company that invests, develops and trades in various assets, of which prime real-estate properties make up the majority. The firm plans to unload its PNB Financial Center in Pasay, the PNB Makati Center in Ayala's Central Business District, and the Prime Property at the corner of Buendia Avenue and Paseo De Roxas, also in Makati.