PSE penalizes eight firms for listing violations

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The Philippine Stock Exchange said Thursday it penalized eight listed companies including conglomerate San Miguel Corp. for violating listing and disclosure rules. READ:

It said in a notice posted on its website San Miguel, Del Monte Pacific Ltd., F&J Prince Holdings Corp., Manila Broadcasting Co., Medilines Distributors Inc., Panasonic Manufacturing Philippines Corp., Pryce Corp. and SOCResources Inc. were assessed penalties under the rules of the exchange.

Section 7 provides that listed firms holding any stockholders meeting should give the exchange a written notice at least ten days before the record date of the meeting.

 

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