20/03/2026
📢 OFFICIAL STATEMENT
Cebu Peoples Multi-Purpose Cooperative (CPMPC)
We would like to clarify to the public, our members, stakeholders, and the riding community that:
❗ CPMPC HAS NOT ISSUED ANY OFFICIAL STATEMENT REGARDING ANY BANKRUPTCY FILING.
Recent reports circulating online claiming that a Modernized Jeepney Cooperative is preparing to file a “notice of bankruptcy” are FALSE, MISLEADING, and WITHOUT ANY OFFICIAL BASIS from our organization.
At no point has CPMPC authorized, announced, or disclosed such information to any media outlet or platform.
We strongly urge the public to:
✔️ Rely only on official statements released by CPMPC
✔️ Avoid spreading unverified information
✔️ Practice responsible sharing of news
We also call on media organizations to uphold responsible journalism by verifying information with proper authorities before publication.
CPMPC remains committed to:
✅ Serving our members and operators
✅ Strengthening our transport operations
✅ Working towards sustainable and compliant modernization
For official announcements and updates, please follow only our verified channels.
Thank you.
Issued by:
Cebu Peoples Multi-Purpose Cooperative (CPMPC)
Bacolod Satellite Office