Harbour Centre Port Terminal, Inc. v. Harbour Centre Port Holdings, Inc.
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Harbour Centre Port Terminal, Inc. v. Harbour Centre Port Holdings, Inc.
SEC EB Case No. 11-16-417
October 4, 2018
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Securities and Exchange Commission
SEC Commission En Banc
Corporate
Harbour Centre Port Terminal, Inc. v. Harbour Centre Port Holdings, Inc.
SEC EB Case No. 11-16-417
•October 4, 2018
October 4, 2018SEC EN BANC CASE NO. 11-16-417(SEC CRMD Case No. 15-801)HARBOUR CENTRE PORT TERMINAL, INC., complainant-appellant, vs. HARBOUR CENTRE PORT HOLDINGS, INC. and PETRON CORPORATION, respondents-appellees.DECISIONBefore the Commission is the Appeal 1 filed by Harbour Centre Port Terminal, Inc. on 8 November 2016 seeking to reverse and set aside the Order dated 12 October 2016 (Assailed Order) of the Company Registration and Monitoring Department (CRMD), the dispositive portion of which reads as follows: "WHEREFORE, premises considered, the instant complaint is hereby DISMISSED.SO ORDERED."FACTUAL ANTECEDENTSComplainant-appellant Harbour Center Port Terminal, Inc. (HCPTI) is a corporation duly organized and existing under the laws of the Philippines engaged in the business of owning, investing, managing, operating, maintaining, and developing port facilities, including other maritime activities supportive of port operations and shipping. It is owned by R-II Builders, Inc. (R-II Builders), R-II Holdings, Inc., (R-II Holdings) and Planters Development Bank. 2 Both R-II Builders and R-II Holdings, (collectively referred to as R-II Companies) were established and owned by Mr. Reghis M. Romero, II (Reghis Romero).HCPTI is a stockholder of...
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