C01445-2016

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Italpinas Development CorporationIDC

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Update on the disbursement of proceeds.

Background/Description of the Disclosure

Italpinas Development Corporation paid a reservation fee of PHP100,000.00 and a down payment of PHP1,000,000.00 for the purchase of a portion of Primavera City Lots located at Block 20 Lot 1, Pueblo de Oro Business Park, Carmen Cagayan de Oro City.

Other Relevant Information

n/a

Filed on behalf by:
Name Jose Fidel Acuna
Designation External Counsel