Bourse disinclined to probe Asiabest

THE Philippine Stock Exchange (PSE) is not inclined to pursue Japanese businessman’s Kazuo Okada’s call for a probe of listed Asiabest Group International, Inc., which a company formerly controlled by the gaming tycoon wants to purchase for a planned backdoor listing.

Asiabest, PSE Chief Operating Officer Roel Refran told reporters on Monday, has been compliant with regard to the relevant disclosures, which Okada has described as “suspect and outright evasive” as these did not cite his claims against the purchasing firm, Tiger Resort Asia Ltd. (TRAL).