Based on PSE’s publication of penalties on July 22, GREEN violated the following rules:
* Failure to disclose material information within 10 minutes from receipt of the information or the occurrence of the development;
* Selective disclosure of material information or leaking non-public events or developments (all disclosures should be made simultaneously); and
* Failure to report events mandating prompt disclosure.
PSE said it has imposed sanctions on GREEN for failure to comply with its rules.
GREEN is a holding firm of Tiu’s renewable energy business. It has six subsidiaries of which four have yet to start commercial operations as of December 2020: Total Waste Management Recovery System, Inc. (TWMRSI); AgriNurture Development Holdings, Inc. (ADHI); Lite Speed Technologies, Inc. (LSTI); Yakuru Group Pty. Limited; and Ocean Biochemistry Technology Research, Inc. (OBTRI).