C02114-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 4,427,009,132 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Ownership by the Issuer of 99.99% of the equity of Berjaya Enviro Philippines Inc. which was incorporated on 7 April 2017. |
Background/Description of the Disclosure |
A corporation to engage in the service business of protecting and cleaning the environment, including but not limited to the dredging and cleaning of rivers, other bodies of water, cleaning dumpsites or sanitary landfill facilities, recycling garbage, and other waste products, and all other lawful activities necessarily included or incidental in the pursuance of service for the preservation and protection of the environment |
Date of Approval by Board of Directors |
Mar 28, 2017 |
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Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
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Due to environmental concerns and climate change, the Board wishes to engage in the service business of cleaning and protecting the environment. |
Date | Apr 7, 2017 |
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Manner |
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Subscription upon incorporation |
Description of the company to be acquired or sold |
A corporation to engage in the service business of protecting and cleaning the environment. |
Number of shares to be acquired or disposed | 249,993 |
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Percentage to the total outstanding shares of the company subject of the transaction | 99.99 |
Price per share | 1.00 |
Nature and amount of consideration given or received |
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P249,993.00 |
Principle followed in determining the amount of consideration |
Par Value |
Terms of payment |
Cash |
Conditions precedent to closing of the transaction, if any |
none |
Any other salient terms |
none |
Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
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Not applicable as this is a new corporation, the incorporation of which was approved by the SEC at t | Not Applicable |
Effect(s) on the business, financial condition and operations of the Issuer, if any |
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none |
Other Relevant Information |
none |
Name | Jenny Peñaflor |
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Designation | para-legal secretary |