Rule · BSP · 4 Jul 2024
The Office of the Managing Director of the Bangko Sentral ng Pilipinas issued a circular letter to all authorized agent banks and subsidiary foreign exchange corporations regarding lost registration documents. The notice identifies specific BSRDs covering foreign direct investments by Kubota Corporation and Marubeni Corporation in Kubota Philippines, Inc. as reported lost. Banks are instructed not to honor these documents if found and presented for foreign exchange transactions, as replacement applications have been filed.
OFFICE OF THE MANAGING DIRECTOR
International Monetary Affairs and Surveillance Sub-Sector CIRCULAR LETTER NO. CL-2024-___ To : ALL AUTHORIZED AGENT BANKS (AABs) and SUBSIDIARY/AFFILIATE FOREIGN EXCHANGE CORPORATIONS OF AABs (AAB-forex corps) Subject : Lost Bangko Sentral Registration Documents (BSRDs) Please be advised that the following BSRDs covering the registration of the foreign direct investments of Kubota Corporation and Marubeni Corporation, both of Japan, in Kubota Philippines, Inc. [formerly known as Kubota Agri-Machinery Philippines, Inc. (KAMPI)] have been reported lost:
BSRD No. Issued Date Investee Name Investor Name Number of common shares CB-FEOID 89-00078 03 April 1989 KAMPI Marubeni Corporation 1,050,000 CB-FEOID 89-00079 03 April 1989 KAMPI Kubota Limited 1,050,000 CB-FEOID (FI) 91-00121 03 Apr 1991 KAMPI Marubeni Corporation 1,050,000 CB-FEOID (FI) 91-00122 03 April 1991 KAMPI Kubota Limited 1,050,000 CB-FEOID (FI) 91-00147 17 April 1991 KAMPI Marubeni Corporation 1,050,000 CB-FEOID (FI) 91-00148 17 April 1991 KAMPI Kubota Limited 1,050,000 A018315-DE 31 October 2014 Kubota Philippines, Inc. Kubota Corporation 69,999,998 Said registration documents have been applied for replacement and should not be honored if found and presented for purchase of foreign exchange for capital repatriation or remittance of earnings, pursuant to
Section 38 of the Manual of Regulations on Foreign Exchange Transactions,
as amended.
For information and compliance.
THOMAS BENJAMIN B. MARCELO
Managing Director
___4 July 2024
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