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Venture Securities Tanco declines PSE post on stocks issue

Venture Securities Tanco declines PSE post on stocks issue
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SEC revokes license of brokerage R&L for stocks fraud

SEC revokes license of brokerage R&L for stocks fraud
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PSE extends disbursement of proceeds from stock rights offer

December 18, 2020 | 12:01 am Font Size BLOOMBERG/VEEJAY VILLAFRANCA THE Philippine Stock Exchange (PSE) has extended the timeline for the use of the proceeds for its stock rights offer (SRO) to Dec. 31, 2023, the local bourse said on Thursday. In a regulatory filing, the PSE said that it had so far disbursed 1,101.14 shares from its planned amount of 2,825.88. It detailed that its net proceeds were meant to be used for acquisition of the Philippine Dealing System (PDS), product development and working capital requirements at 1,580 shares, 360 shares and 885.88 shares, respectively. “This directive is being issued primarily for the purpose of ensuring the timely disclosure of information relating to PSE as a listed company and should not be construed as an approval by the (Securities and Exchange) Commission,” the PSE disclosed.

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