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Jose Antonio’s Century Properties penalized for late disclosure of cash dividends

Bilyonaryo Jose Antonio’s Century Properties Group has been found guilty of breaching the Philippine Stock Exchange’s disclosure requirements.

PSE said it has imposed sanctions of CPG for “non-submission of structured reports and delayed disclosure of the record dates of the cash dividends for its listed preferred A shares.”

The CPG board approved on 22 December 2020 a cash dividend of P1.68 or 6.7177 percent for 2021 with record dates January 5, April 6, July 6, and October 6.

CPG disclosed the cash dividend a day after, December 23, in violation of PSE rules requiring it to report the board decisions on the same day.

The PSE said “any outstanding issue relating to the above violations has been resolved as of the posting of this notice.”

Antonio ranked No. 39 among Forbes’ 50 richest Filipinos in 2020 with a net worth of $180 million.

READ: Revolution ripoff: Irate suppliers accuse Century’s Robbie Antonio of P150M fraud

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