Bright Kindle Resources [BKR suspended] [link] was suspended indefinitely by the PSE after it disclosed the acquisition of Strong Built (Mining) Development Corp. (SBMDC) for P5 billion. The suspension will remain in effect until BRK is able to provide comprehensive disclosure on the transaction. SBMDC is an iron ore (magnetite) mining company that has a mining tenement in Leyte. According to the Department of Environment and Natural Resources, SBMDC produced P88.3 million worth of chromite concentrate in FY21, and paid P5 million in taxes, fees, and royalties to produce that value. BKR is owned and controlled by Martin Romauldez, the current House Speaker and cousin of President Marcos.