CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Jun 14, 2023
2. SEC Identification Number
CS200319138
3. BIR Tax Identification No.
227-409-243-000
4. Exact name of issuer as specified in its charter
ALLIANCE SELECT FOODS INTERNATIONAL, INC.
5. Province, country or other jurisdiction of incorporation
Pasig City, NCR, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Suite 3104 West Tower PSEC Exchange Rd., Ortigas Business District, Pasig City, Metro Manila, PhilippinesPostal Code1605
8. Issuer's telephone number, including area code
(02) 8637-8800
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON STOCK
2,499,712,463
DEBT OUTSTANDING (AS OF DEC. 31, 2022)
US$ 14,827,795
11. Indicate the item numbers reported herein
Item No. 5 - Legal Proceedings
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Alliance Select Foods International, Inc.FOOD
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Legal Proceedings
Background/Description of the Disclosure
On June 14, 2023, Alliance Select Foods International, Inc. received a Securities and Exchange Resolution dated June 13, 2023, in SEC En Banc Case No. 07-22-501 entitled “Hedy S. C. Yap-Chua, et. al. versus Alliance Select Foods International, Inc.”, the dispositive portion of which states:
“WHEREFORE, premises considered, the Motion is hereby GRANTED. Let a Writ of Execution be issued to implement the nullification of the ASFII shares acquired by Strongoak, Inc. (Strongoak) under the 2014 Private Placement and 2015 SRO.
The Commission’s Sheriff is hereby directed to serve a copy of this Resolution upon Alliance Select Food International, Inc., and to cause the cancellation in the Stock and Transfer Book of Alliance Select Food International, Inc. of the shares acquired by Strongoak, Inc. under the 2014 Private Placement and the 2015 Stock Rights Offering.”
ASFII will file a Motion for Reconsideration with the SEC and exhaust all other available remedies.
FOOD shall continue its business operations of processing, canning, distributing and exporting tuna products. It continues to implement strategic plans and initiatives to grow the business and improve the Company’s financial condition.
The Company’s 2023 Annual General Meeting of Stockholders shall push through as scheduled, on June 15, 2023 at 2pm via Zoom Teleconferencing.