June 9, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
The Commission has received information that an individual or group of persons representing an entity named OFIR PETROLEUM CORPORATION (OFIR) are enticing the public to invest their money in the said entity with the promise of high monetary rewards or profits. OFIR claims to be engaged in a gasoline/fueling station business.
Based on reports and the information gathered and verified by the Commission, OFIR is engaged in offering 100 Preferred Shares with par value of Fifty Thousand Pesos (PhP50,000.00) per share plus a subscription fee of AED500.00 or Seven Thousand Fifty Pesos (PhP7,050.00) per share. Investors will have a Dividend Yield of 35-45% per annum of their total share/s, with quarterly receipt of dividends.
The investments are claimed to be used for the construction of a gasoline station to be located in Aviation Road, Lapu-Lapu City, Cebu and for the purchase of fuel products to be sold in the said station. The investors will just have to wait for the gasoline station to be fully operational in 3-6 months...
