C01123-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 5,318,095,199 | |
Preferred - Series A | 12,500,000 | |
Preferred - Series B | 20,000,000 |
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Subject of the Disclosure |
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New Subsidiary |
Background/Description of the Disclosure |
ArthaLand Corporation (ALCO) incorporated Savya Land Development Corporation and subscribed to 499,995 common shares thereof at PhP100.00 per share. This wholly-owned subsidiary purchased from Ayala Land, Inc. two parcels of land in Arca South located in Barangay West Bicutan, Taguig City for the total sum of PhP1,052,446,075.07, inclusive of VAT and other charges. |
Other Relevant Information |
The amendment pertains only to the property acquired by the subsidiary of ALCO. |
Name | Riva Khristine Maala |
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Designation | Vice President/Department Head |