Tag Archives: substantial shares

Philippines – SEC Nully PSI Share Acquisition

On 20 August 2020, PHI SEC nullified acquisitions by PSI shareholder group. PHI SEC nullified acquisition of substantial shares in Professional Services (PSI), which operates The Medical City, by shareholder group who used fraud to take control of PSI. Follows PHI SEC November 2019 fined shareholders in takeover of Medical City. PSI Shares In 13…
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