Aegis Holdings Corporation, et al. vs. Peers Industrial Corp., et al.

[SEC-SICD * CASE NO. 10-99-6440. February 4, 2000.]

AEGIS HOLDINGS CORPORATION, MAXIMO T. SIAPUATCO, GERARDO T. SIAPUATCO AND IRENE SIAPUATCO-CASTRO, petitioners, vs. PEERS INDUSTRIAL CORP. AND LORENZO SIAPUATCO, respondents.

D E C I S I O N

This is a Petition for "Mandamus and/or specific Performance with Damages" seeking to compel the registration of the transfer of 2,250,000 shares of stock of Peers Industrial Corporation and the issuance of new Certificates of Stock, reflecting the same.

On October 20, 1999. petitioners Aegis Holdings Corporation, Maximino T. Siapuatco, Gerardo T. Siapuatco and Irene Siapuatco-Castro filed the instant case 1 against Peers Industrial Corporation and its Corporate Secretary, Lorenzo Siapuatco. The Petition contains the following statements of fact: CTcSAE

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"1. Individual Petitioners Maximino Gerardo and Irene hold a) 753, 542, b) 750,090 and c) 751,336 shares of fully paid and subscribed shares of Peers stock each respectively or an aggregate of 2,254,968 fully paid and subscribed shares in the corporate record books at a par value of P10.00 per share This constitutes nearly fifty percent (50%) of the authorized capital...

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