Arsenio T. Ng’s Transpacific Broadband punished for breach of disclosure rules

Transpacific Broadband Group Int’l. Inc. of bilyonaryo Arsenio T. Ng was found liable for violation of disclosure requirements of the Philippine Stock Exchange.

PSE said Transpacific Broadband did not inform the public about the board approval of “investments made by a related party.”

The Exchange, however, did not specify the details of the investment.

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