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 (CMIC), 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.