Current Reports (SEC Form 17-C) - 2023

  • Termination of Share Purchase Agreement dated 6 June 2023 between the principal shareholders of LMG Corp. and Maxwealth Infinity Holdings Corp. 
    • August 31, 2023
    • C06729-2023
    • SEC 17-C
    • Termination of the Share Purchase Agreement dated 6 June 2023 (the “Agreement”) between the principal shareholders of LMG Corp. (the “Corporation”), namely Ann Marrieta L. Sytin, Robinson W. Siao, and Value Quest Securities, Corp. (the “Sellers”), and Maxwealth Infinity Holdings Corp. (the “Buyer”).

      The Corporation was advised by the Sellers that on 31 August 2023, they sent the Buyer a Notice of Termination of the Agreement.

      Under the Agreement, the Buyer agreed to purchase One Hundred Twenty-Nine Million Six Hundred Seventy-Four Thousand Five Hundred Ninety-Eight (129,674,598) common shares of capital stock in the Corporation registered under the name of the Sellers (the “Transaction”). The parties further agreed that the Long Stop Date for the completion and closing of the Transaction shall be on 31 August 2023, or such later date as may be agreed by the parties. The failure to close the Transaction by the said Long Stop Date is a ground for termination of the Agreement.
  • Results of the Special Meeting of Board of Directors held on 11 August 2023
    • August 11, 2023
    • C06257-2023
    • SEC 17-C
    • During the meeting, the Board authorized and approved the resolution postponing the Annual Stockholders’ Meeting scheduled on 21 September 2023 to another date as may be determined by the Board.

      The Board also approved the resolutions for the filing a Petition for Correction of the Amended Articles of Incorporation of the Corporation with the Securities and Exchange Commission.
  • Results of the Special Meeting of Board of Directors held on 7 August 2023
    • August 7, 2023
    • C06084-2023
    • SEC 17-C
    • During the meeting, the Board authorized the Corporation to participate in the tender offer of Holderfin B.V. for the common shares of Holcim Philippines, Inc. owned by the Corporation.
  • Results of the Special Meeting of Board of Directors held on 15 June 2023
    • June 15, 2023
    • C04691-2023
    • SEC 17-C
    • During the meeting, the Board authorized the Corporation to execute documents to comply with the Philippine Stock Exchange’s (“PSE”) Revised Rules on Backdoor Listing and other applicable laws and regulations of government agencies, including the PSE and the Securities and Exchange Commission.
  • Signing of Share Purchase Agreement
    • June 6, 2023
    • C04481-2023
    • SEC 17-C
    • LMG Corp. (the “Corporation”) was advised by its principal shareholders, Ann Marrieta L. Sytin, Robinson W. Siao, and Value Quest Securities, Corp. on behalf of Rommel L. Sytin, Eduardo H. Yap, and Brandon Derick S. Sy (the “Sellers”), that on 6 June 2023, they have entered into a Share Purchase Agreement with Maxwealth Infinity Holdings Corp. (the “Buyer”) for the sale of the Sellers’ combined stake of 67% (129,674,598 common shares) in the Corporation for a consideration of ₱402,000,000 equivalent to ₱3.10006744728 per share.
  • Results of the Special Meeting of Board of Directors held on 20 April 2023
    • April 20, 2023
    • C02961-2023
    • SEC 17-C
    • During the meeting, the Board approved the authorization to transact with the Bureau of Internal Revenue for the transfer of its registration with the applicable Revenue District Office, updating of its Certificate of Registration, and updating of its authority to print receipts and invoices; and the appointment of authorized representatives in obtaining the approvals and permits to secure clearances and certifications with various government and regulatory agencies.
  • Results of the Special Meeting of Board of Directors held on March 28, 2023
    • March 28, 2023
    • C02330-2023
    • SEC 17-C
    • During the meeting, the Board approved the 2022 Audited Financial Statements.