A DIRECTOR of the Philippine Stock Exchange (PSE) who is also an official of PLDT Inc. will not be involved in deciding the outcome of the bourse’s probe of the trading of shares in the telecommunications company.
A DIRECTOR of the Philippine Stock Exchange who is also an official of PLDT Inc. will not be involved in deciding the outcome of the bourse’s probe of the trading of shares in the telecommunications company.
PSE is currently investigating the issues that have risen from PLDT’s budget overrun and shares sell-off alongside Capital Markets Integrity Corp. and the Securities and Exchange Commission. “But we are also doing our own investigation on the adequacy and timelines of the disclosure. And that’s being done by the management,” he added.Meanwhile, Mr. Monzon said that he expects the length of CMIC’s investigation to be longer as it had been asked to expand its review.
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