Notice of Settlement Agreement
SEC Notice • Securities and Exchange Commission • Notices • Jan 24, 2018
Full text
January 24, 2018 SEC NOTICE NOTICE OF SETTLEMENT AGREEMENT The Securities and Exchange Commission wishes to announce to the public that THE SEASHORE BEACH CLUB, INC. has entered into a settlement agreement with the Commission. The total Settlement Offer amounting to ONE MILLION FIFTY THOUSAND PESOS (Php1,050,000.00) has been accepted by the Commission in SEC Resolution No. 34, Series of 2018. This Notice is in compliance with Section 55.3 (Settlement Offers) of Republic Act No. 8799, otherwise known as the Securities Regulation Code, which states that "any agreement to settle shall have no legal effect until publicly disclosed." Thus, the case is now deemed settled without any determination of fault or guilt on the part of THE SEASHORE BEACH CLUB, INC. Pasay City, January 24, 2018.
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