become WEH shareholders, and the existing WEH shareholders would become NUSA shareholders. After considering the clarifications submitted by NUSA, the SEC identified ambiguity in various reasonings. For
, and subsequent amendments on 26 and 27 August 2025, the SEC has determined that there is still ambiguity and a lack of essential information, particularly concerning the data and rationale CIG used to
number of directors in order to move ahead with solving its problems which include indebtedness and inability to submit the company’s financial statements and appoint the auditor. IFEC’s future business
indebtedness. Under the said circumstances, the debt securities holders may expose to legal risk that would restrain them claiming on the assets of overseas headquarter. Thus, the SEC proposed to amend the rules
against EARTH for an unreasonably high amount of indebtedness, in order that EARTH’s indebtedness would be greater than its assets, despite the fact that they opined or were in a position to know that
percent of general indebtedness.
registration statement; e. prohibition on issuing other types of securities under certain circumstances to prevent the issuer from taking unreasonably burdensome indebtedness or obligations; f. covenant
conditions stated therein. The proposed sell-down of the Units is strictly a f inancing exercise to fund, amongst other things, working capital needs and to pay the Company’s indebtedness and liabilit ies
to pay the Company’s indebtedness and liabilities. The Company previously held 1,833,150,000 Units. Following the sale of the Units, the Company st ill holds a remaining 1,293,150,000 investment units