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)
Jul 9, 2018
2. SEC Identification Number
AS093-00023
3. BIR Tax Identification No.
003822183000
4. Exact name of issuer as specified in its charter
Discovery World Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
STATION 1,BALABAG, MALAY AKLANPostal Code5608
8. Issuer's telephone number, including area code
632-813-8857
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
626,000,000
11. Indicate the item numbers reported herein
Item 9
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.
Discovery World Corporation DWC
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
Imposition of Penalties by the Securities and Exchange Commission (SEC)
Background/Description of the Disclosure
Please be informed that on July 9, 2018, the Corporation received a penalty assessment from the SEC and was directed to pay a penalty amounting to Two Hundred Seventy Thousand (Php270,000.00) for non-compliance with financial reporting requirements in its 2016 Audited Financial Statements.
The Corporation disagrees with the findings of the SEC and intends to request for the reconsideration of the same. Prior to the filing of its request for reconsideration, however, the Corporation will be paying, under protest, the penalty imposed by the SEC.