C02059-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Apr 23, 2015
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004504281
4. Exact name of issuer as specified in its charter
Century Properties Group Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
21st Floor, Pacific Star Building, Sen Gil Puyat Avenue corner Makati Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
+6327935500
9. Former name or former address, if changed since last report
East Asia Power Resources Corporation
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 11,599,600,690
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.

Century Properties Group, Inc.CPG

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Disclosure Update on CPGI vs Okada Group docketed as Civil case no. 14-359
Background/Description of the Disclosure

Further to the disclosures made by Century Properties Group Inc. (“CPGI”) relative to the case against the Okada Group, CPGI would like to inform the Honorable Commission and the Honorable Exchange that the Company was notified by its legal counsel today, April 23, 2015, of a Court Order issued by the Court Of Appeals dated March 27, 2015 granting Okada’s Petition for Review, thus setting aside the Court Order dated July 25, 2014 issued by the Regional Trial Court of Makati, Branch 66 which ordered in favor of Century Properties Group. Inc.’s (“CPGI”) the preliminary prohibitory injunction against the Okada. CPGI’s counsels are now studying the legal options the Company will take anent to this order.

Likewise, CPGI would like to inform the Honorable Exchange that it has filed a Notice of Arbitration dated April 17, 2015 before the Hong Kong International Arbitration Center pursuant to the Dispute Resolution clause in the Investment Agreement executed between CPGI and Okada.

CPGI undertakes that it shall continuously inform the Honorable Exchange with regard to any material update/information relative to the above transaction.
Name of the court or agency in which the proceedings are pending Court of Appeals
Date Instituted Mar 27, 2015
Docket Number Civil case no. 14-359
Principal Parties

Century Properties Group Inc. vs the Okada Group
Nature and description of the legal proceedings

Background and nature of the proceedings for the Petition filed by CPGI under the Regional Trial Court of Makati docketed as Civil Case No. 14-359, the “Petition”) against the Okada Group:

1. Filing of a Supplemental Notice of Dispute and a Petition for Interim Measures of Protection (For Issuance of Writ of Preliminary Injunction, Writ of Preliminary Mandatory Injunction and Writ of Preliminary Attachment/Garnishment and ex parte 20-day Temporary Order of Protection).

2. Court issued an Order dated 13 May 2014 (the “Order”), denying and dismissing the Petition for Interim Measures of Protection

3. Court Order dated July 25, 2014, which granted Century Properties Group. Inc.’s (“CPGI”) application for preliminary prohibitory injunction against the Okada group in Civil Case No. 14-359, filed with the RTC Branch 66, Makati City entitled, “Century Properties Group, Inc. vs. Eagle I Landholdings, Inc., et al.” This is in response to the Motion for Reconsideration filed by CPGI questioning the earlier ruling of the Court denying the injunctive relief prayed for by CPGI.”
The effect(s) on the Issuer's business or operations, if any

no material effect on business or operations of the Company
Other Relevant Information

please see attached disclosure under SEC Form 17C
Filed on behalf by:
Name Isabelita Sales
Designation Senior Legal Counsel and Chief Information Officer