C05091-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,821,542,000 |
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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Additional investment in Solid Electronics Corporation, a 100%-owned subsidiary of Solid Group Inc. |
Background/Description of the Disclosure |
We advise that the Board of Directors approved today, August 11, 2017, the additional investment in Solid Electronics Corporation (SEC), a 100%-owned subsidiary, in the amount of Nineteen Million Pesos (Php19,000,000.00) and to be taken from the increase in the authorized capital stock of SEC. The additional working capital will be used to finance the new projects that SEC will undertake. |
Other Relevant Information |
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Name | MELLINA CORPUZ |
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Designation | SVP & CHIEF ACCOUNTING OFFICER |