Headlines Property

PSE penalizes Gatchalian for failing to bare pending cases against WPI

The Philippine Stock Exchange has disciplined Waterfront Philippines Inc. for breach of disclosure rules.

PSE said the hotel operator owned by bilyonaryo William Gatchalian for “non-disclosure of material information relating to pending legal proceedings involving the company.”

PSE did not reveal the penalty or the specific case which WPI failed to disclose.

WPI has hotels in casinos in Manila, Davao and Cebu.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.