SEC Lifts Order of Revocation Against Filsyn Corporation

In a PSE disclosure dated June 20, 2024, the management of Filsyn Corporation received an order from the Securities and Exchange Commission (SEC) on June 19, 2024, lifting the Order of Revocation of the Effectivity of the Corporation’s Registration of Securities and Permit to Sell Securities to the Public issued by the SEC on August 26, 2002 (Order of Revocation).

Background

On August 26, 2002, the SEC issued the Order of Revocation for the Corporation’s belated filing of reportorial requirements.

The SEC, in Resolution No. 94, Series of 2018, dated 8 February 2018 and Order dated July 12, 2018, required the Corporation to amend its Registration Statement as a condition for the reinstatement of the Corporation’s permit to sell its securities to the public, and to lift the order of revocation against the Corporation.

On September 29, 2023, the Corporation filed its Amended Registration Statement with the SEC, which was supplemented by its updated Amended Registration Statement that was subsequently filed by the Corporation on March 18, 2024.

2024 Order

The 2024 Order directed that the Order of Revocation be lifted and that the status of the Corporation be changed from “revoked” to “registered” in the SEC’s securities registry.

Next steps

The Corporation is grateful for the issuance of the 2024 Order by the SEC. The Corporation will file the necessary applications or notices with The Philippine Stock Exchange, Inc. (PSE), if any, to fully implement the 2024 Order.