[SEC-SICD * CASE NO. 99-0004. December 20, 1999.]
IN THE MATTER OF TIAN HE SHUI PHILIPPINES, INC.
For: Revocation of Corporate Franchise
D E C I S I O N
Before this Office is a petition filed by the Prosecution and Enforcement Department (PED) of the Commission praying for the revocation of the corporate franchise of TIAN HE SHUI PHILIPPINES, .INC. (Tian He Shui, for brevity), a stock corporation duly registered in accordance with Philippine law, with SEC Registration Certificate No. D-1998-00133 dated February 3, 1998. cdphil
The petition, among others, alleges that Tian He Shui, with business address at the Royal Mandaya Hotel, J. Palma Gil Street, Davao City, violated the laws enforced and administered by the Commission, specifically, Section 6 (1) par. 2 of P.D. No. 902-A * as amended, Section 45 (Ultra Vires Act) of B.P. Blg. 68 and R.A. No. 1180 as amended by P.D. No. 714, otherwise known as the Retail Trade Nationalization Law.
Summons and alias summons were issued to the respondents namely: Jeffrey Co, Jason Co and Trendily Co., all with the same address...
