C02173-2016 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 1,200,000,000 |
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Subject of the Disclosure |
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Announcement of the approval of the sale of the Company’s 3.4 hectares property located along the Zapote Road in Barangay Pamplona, Las Pinas City (the “Property”) to 8990 Housing Development Corporation |
Background/Description of the Disclosure |
The Board of Directors of SBS Philippines Corporation in its special meeting held today, 22 April 2016, approved the sale of the Company’s 3.4 hectares property located along the Zapote Road in Barangay Pamplona, Las Pinas City (the “Property”) to 8990 Housing Development Corporation for a total consideration of Eight Hundred Fifty Eight Million Nine Hundred Sixty Five Thousand Five Hundred Pesos (P858,965,500.00). |
Other Relevant Information |
Please see attached Announcement, |
Name | Regina Simona De Guzman |
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Designation | Corporate Secretary and Compliance Officer |