The Securities and Exchange Commission has ordered an investigation of possible insider trading related to PLDT Inc.’s disclosure of a P48-billion “budget overrun” covering several years. READ:
The Securities and Exchange Commission ordered an investigation of possible insider trading related to PLDT Inc.’s disclosure of a P48- billion “budget overrun” covering several years.
“The reported ‘budget overruns’, as well as the selloff in PLDT shares before the publicly listed company could make the official disclosure, are areas of concern for the Commission, being the regulator of the securities market and the champion of investor protection in the country,” the corporate regulator said in a statement on Monday.“In this light, the SEC has immediately commenced an inquiry into the matter,” it added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
SEC probes possible insider trading in PLDT sell-offAn investigation is underway into the drop in PLDT's share price, which came shortly before the company's announcement that it discovered a P48-billion budget overrun.
Baca lebih lajut »
SEC probes PLDT budget overruns, shares selloff - BusinessMirrorTHE Securities and Exchange Commission on Monday said it is “closely monitoring” issues that have arisen from the recent disclosures of PLDT Inc. regarding what the company described as “budget overruns” totaling P48 billion over the last four years. “In this light, the SEC has immediately commenced an inquiry into the matter,” the agency said. The
Baca lebih lajut »
SEC insider trading probe setThe SEC will investigate the possible insider trading of PLDT Inc. shares amid a sell-off of company stocks before the telco giant announced the initial results of an internal audit revealing P48 billion in overspending over several years.
Baca lebih lajut »
PLDT sell-off wipes out P62B in market value in a single dayPLDT Inc. saw its worst trading session since tycoon Manuel Pangilinan and Indonesia’s Salim group bought the telecommunications giant in 1998, following the discovery of billions of pesos in overspending over four years that was disclosed to the public.
Baca lebih lajut »
Investors await PLDT move on budget overrun - BusinessWorld OnlineBy Arjay L. Balinbin, Senior Reporter INVESTORS and shareholders will be watching closely how the management team of PLDT, Inc. will respond to an estimated P48-billion budget overrun from 2019 to 2022, according to analysts. Telecommunications provider PLDT led by Manuel V. Pangilinan is reorganizing its management after discovering the budget overrun, representing 12.7% of […]
Baca lebih lajut »
Heads to roll at PLDT, says ‘disappointed’ MVPMANILA, Philippines — “Certainly, we’ve taken a knock on our reputation. We pride ourselves on governance, on disclosures, and we’re gonna get a knock. We have a job in trying to recover our
Baca lebih lajut »