May 12, 2015
SEC-CGFD ORDER NO. 094-15
IN THE MATTER OF PETITION FOR VOLUNTARY REVOCATION: GE LIGHTING PHILIPPINES, INC.
ORDER OF REVOCATION
Submitted for consideration of the Commission is the company's Petition for Voluntary Revocation of its Registration of Securities and Certificate of Permit to Sell Securities. The company also requested that it be exempted from filing the reports required by the Securities Regulation Code (SRC).
The company cited the following bases for the Petition and its request for exemption from filing the required reports:
1. On 16 August 2004, petitioner ceased the production of lighting products as a result of its change of business strategy and shifted its operations to trading of lighting products;
2. Upon the filing of the petition, forty-two (42) of its shareholders are holding more than one hundred (100) shares or more. On the other hands, one hundred thirty (130) of its shareholders are holding less than one hundred (100) shares.
3. Petitioner no longer intends to conduct a public offering of its shares at any time in the future;
4. On 06 July 2010, Petitioner's Board of...
