LBC Express to Pay Fine Over Late Filing of Financial Reports

MT Newswires Live

08/04

LBC Express (PSE:LBC) was slapped with a fine of 195,000 Philippine pesos after a preliminary assessment from the Securities and Exchange Commission's Markets and Securities Regulation Department on Friday.

The penalties pertained to alleged failures or delays in filing financial statements and reports for certain years between 1996 and 2014, according to a Monday Philippine Exchange filing.

LBC Express provides cargo, logistics, and remittance services in the Philippines.

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