Greenergy fined nearly P1M by SEC

THE SECURITIES and Exchange Commission (SEC) slapped businessman Antonio L. Tiu’s Greenergy Holdings, Inc. with fines total around P1 million for its failure to submit annual and quarterly reports.

In a disclosure to the Philippine Stock Exchange on Wednesday, Greenergy said SEC imposed a partial, aggregate penalty of P922,000 on the company for failing to submit the reports.

“The total monetary penalty shall be determined upon submission of the reports to the SEC,” Greenergy Holdings noted.

The listed holding firm has yet to submit annual reports for 2014 and 2015. It also failed to lodge with the SEC quarterly reports since end-March 2015.

Read more here.
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