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PSE slaps ₧35 million fine each on Dito Telecom and its underwriter

The Philippine Stock Exchange (PSE) has slapped billionaire Dennis Uy’s DITO CME Holdings and China Bank Capital Corp. with the maximum penalty allowed under its charter for canceling DITO’s P8 billion stock rights offering (SRO) in January. DITO CME is the holding company of Dito Telecommunity, which is a joint venture…

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