5/3/2021 E-Library - Information At Your Fingertips: Printer Friendly the following amounts; Johnny and Magdalena Uy, 26%; Lilian Uy, Lily Uy, and Lillen Uy, 25%; Banha Chua, 11%; Ban Hua Flores, 10%; Leonardo U. Flores, 11%; Gloria U. Chan, 8%. The other stockholders are Stephanie Chua and Melody Chua (TSN-Ybanez, 23 January 1992, pp. 25-27, 41). "Soon Kee was to advance the money but it will be deducted from bonuses and benefits derived from Soon Kee. Though advanced by the corporation, the investment was understood to be a personal investment of the shareholders and not a corporate matter (TSN-Ybanez, 23 January 1992, p. 29). "The family also agreed to place the investment in Johnny's name but with the express condition that it will be held in trust for the Uy family. Ban Hua explained that it was a usual practice in the company to trust their brother and to put their investments in his name (TSN-Ybanez, 23 January 1992, p. 30). "Johnny then gave US$70,000 to Tan Chona and the balance of US$30,000 was given later on by Ban Ha Chua (TSN-Ybanez, 23 January 1992, p. 33). "Thereafter, disputes racked the family which resulted in the breaking-away of Johnny and his wife from the family. Because of the break-up, the couple assigned their shares in Soon Kee to the rest of the Uy family (TSN-Ybanez, 23 January 1992, p. 36; Exhibits 3, 4, 5, 6, 7 and 8-Soon Kee). "Johnny also filed several cases against the other family members, all involving money. He also allegedly stole all the important family documents, money and some stock certificates kept in the family vault. Johnny had also withdrawn one million pesos from the bank and transferred it to another account. He was allegedly able to do so because he was the president while his wife was the cashier and treasurer of the corporation (TSN- Ybanez, 23 January 1992, p. 37). "Meanwhile, Tan Chona informed the family that their shipping business is losing and to prevent further losses, he will return the US$100,000 investment made by the Uy family. After the family was so informed, Ban Hua, on behalf of herself and the other family members, requested Tan Chona to return to them US$74,000.00 and the balance of US$26,000 to Johnny and his wife, plus interest. This demand was made sometime in 1990 (TSN-Ybanez, 23 January 1992, p. 48-49). "Tan Chona promised to comply but he wanted to talk with Johnny first for clarifications as he was confused about the sharing. Apparently, he was not aware of the arrangements among the family regarding the Hongfil investment. Though Ban Hua explained the arrangement to Tan Chona, the latter still did not return the money (TSN-Ybanez, 23 January 1992, pp. 5051, 53-54). "They then referred the matter to their lawyer who also sent a demand https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/52802 5/11