In re Mt. Matutum Medical Center, Inc.
SEC-CFD Order No. 059-08 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jun 25, 2008
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June 25, 2008 SEC-CFD ORDER NO. 059-08 IN MATTER OF MT. MATUTUM MEDICAL CENTER, INC. VIOLATION OF RULE 17 OF THE SECURITIES REGULATION CODE ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that Mt. Matutum Medical Center, Inc., failed to file its 2006 2nd Quarter Report (SEC Form 17-Q) within the prescribed period. As a result, the company was ordered to pay a fine of Sixty Thousand Six Hundred Pesos (P60,600.00) which it paid on installment basis 1 as follows: HDTISa OFFICIAL RECEIPT DATE NUMBER AMOUNT 07-May-07 5473331 P15,150.00 11-May-07 5473433 9,090.00 15-Jun-07 5473969 9,090.00 16-Jul-07 5474451 9,090.00 14-Aug-07 5474934 9,090.00 17-Sep-07 5475426 9,090.00 TOTAL P60,600.00 ========= The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with Securities Regulation Code (SRC) Rule 17.1 (1) (A) (ii). Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided for by law. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines. June 25, 2008. (SGD.) JUSTINA F. CALLANGAN Director Footnotes 1. The Commission, in its meeting on April 19, 2007, resolved to grant the request of the company to pay the penalty of Sixty Thousand Six Hundred Pesos (P60,600.00) on installment; twenty five percent (25%) initial payment and the remaining balance in five (5) equal monthly installments starting May 15, 2007 to September 15, 2007. DTAcIa
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