The Philippine Stock Exchange has issued a show cause letter to PLDT Inc. asking for clarification on the disclosure they made last December 16 regarding P48 billion in “budget overruns.”
“We expect to receive a response from PLDT within the week,” said PSE President and CEO Ramon S. Monzon.
He noted that, PSE’s independent subsidiary, the Capital Markets Integrity Corporation , is looking at the transactions on PLDT shares from November to December 16, 2022. The analysis of trades for this period will be submitted by CMIC to the SEC.
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