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Johnson Lee vs PEOPLE And Neugene Marketing, Inc..

JOHNSON LEE, Petitioner, versus PEOPLE OF THE PHILIPPINES and NEUGENE MARKETING, INC., Respondents.

G.R. No. 159288 | 2004-10-19

D E C I S I O N



CALLEJO, SR., J.:



NEUGENE Marketing, Inc. (NMI) was incorporated on January 27, 1978 with funds provided by the Uy Family. It had an authorized capital stock of P3 million divided into 30,000 shares with a par value of P100 per share. The original incorporators, with their corresponding number of shares and the amounts thereof, are as follows:

Johnson Lee 600 P 60,000.00

Lok Chun Suen 1,200 120,000.00

Charles O. Sy 1,800 180,000.00

Eugenio Flores, Jr. 2,100 210,000.00

Arsenio Yang, Jr. _300 30,000.00

T O T A L 6,000 P600,000.00

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* On leave.





There were two stock dividend...