The Securities and Exchange Commission (SEC) has approved the P6 billion market debut of AllDay Marts, Inc. and the P18- billion bond offering of Petron Corporation. 34600 In its meeting last September 23, the Commission En Banc resolved to render effective the registration statements of AllDay...
The Securities and Exchange Commission (SEC) has declared final and executory the revocation of the Certificate of Authority (CA) of KingABC Lending Corporation to operate a lending company because of unfair debt collection practices. In a resolution, the SEC Corporate Governance and Finance...
HONG KONG, (AFP) - The Hong Kong stock exchange tumbled Monday over fears of a contagion from the potential collapse of Chinese real estate giant Evergrande as it struggles under a mountain of debt. PIXABAY/ MANILA BULLETIN The firm, one of the country's biggest developers, has warned it may not be...
The Securities and Exchange Commission is planning to establish the Office for the Advancement of Strategic Investments in SMEs (OASIS) as it fully supports the more IPO listings from the SME sector. “We would be more than happy to see more SMEs undertaking IPOs (initial public offerings). It is...
The Securities and Exchange Commission (SEC) is warning the public to be careful when dealing or transacting with corporations or entities that are not licensed or registered in the Philippines. The SEC said it has received numerous inquiries regarding the implications of transacting with...
SM Prime Holdings, Inc. is planning to raise up to P10 billion from the third tranche of its P100 billion fixed-rate bonds with the Securities and Exchange Commission in February last year. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the SEC an application for...
The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme. In an order issued July 26, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the...
The Securities and Exchange Commission is warning the public not to invest in the schemes being offered by Money Game Hub or MGH Trading OPC as they do not have the necessary license to solicit investments. “Those who act as salesmen, brokers, dealers or agents of MONEY GAME HUB / MGH TRADING OPC...
The Securities and Exchange Commission (SEC) has approved the maiden public offering of Central Azucarera de San Antonio, Inc. (CASA) worth up to P558.5 million. In its meeting on August 31, the Commission En Banc resolved to render effective the registration statement of CASA covering 1.85 million...
The Court of Appeals (CA) has upheld the Securities and Exchange Commission’s issuance of a cease and desist order against Planpromatrix Online Co. to bar it from soliciting investments from the public without the necessary license. In its decision, the CA Special 10th Division affirmed the...
The Securities and Exchange Commission (SEC) has approved the planned public offering by D&L Industries, Inc. of fixed-rate bonds worth up to P5 billion. In its meeting on August 26, the Commission En Banc resolved to render effective the registration statement of D&L covering up to P3...
Popular online play-to-earn company Axie Infinity or Sky Mavis is not registered as a corporation with the Securities and Exchange Commission nor does it have a license to sell or trade securities in the Philippines. “The SEC has received numerous inquiries regarding Axie Infinity as well as...
