In the Matter of Revocation of Certificate of Incorporation

December 12, 2012 SEC CRMD IN THE MATTER OF REVOCATION OF CERTIFICATE OF INCORPORATION ORDER WHEREAS, pursuant to Section 141 of the Corporation Code of the Philippines and the SEC rules and regulations on reportorial requirements corporations are required to submit annual reports, such as General Information Sheet and the Financial Statements; WHEREAS, the records of the Securities and Exchange Commission ( the Commission ) show that corporations registered in 2005, whose names are enumerated in the attached list marked as Annex "A", failed to submit any of the above mentioned reports for at least five (5) consecutive years, i.e. , for the period 2006 to 2010; ESacHC WHEREAS, the failure of these corporations to submit the said reports can likewise be construed as non-operation for five (5) consecutive years; WHEREAS, the Commission, by virtue of Section 5 (m) of Republic Act No. 8799, also known as the Securities Regulation Code, and Section 6 (i) of Presidential Decree No. 902-A, as amended, is vested with the authority to revoke, after proper notice and hearing, the primary franchise or Certificate of Incorporation of a corporation upon any of the grounds provided by law including the following: "(4) Continuous inoperation for a period of at least five (5) years; (6) Failure to file required reports in appropriate forms as determined by the Commission within the prescribed period;" WHEREFORE, NOTICE is hereby given that those corporations listed in Annex "A" are directed to appear within thirty (30) days from the date of publication of this Order before the Compliance Monitoring Division, Company Registration and Monitoring Department of the Securities and Exchange Commission, located at the Ground Floor, SEC Bldg., EDSA, Mandaluyong City, or, for their convenience, the SEC Extension Offices nearest to their principal office during regular office hours and to show cause why their Certificates of Incorporation should not be revoked. After the lapse of the said, thirty (30)-day period and the delinquent corporations named in the attached list fail to appear and have not updated their reports, as well as settled the corresponding fine or penalty, their Certificates of Incorporation shall be deemed REVOKED. Let this Order be published in a newspaper of general circulation. SO ORDERED. Mandaluyong City, Philippines. December 12, 2012. (SGD.) FERDINAND B. SALES Officer-in-Charge Published in The Philippine Star on December 19, 2012.