9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
2,053,945,884
11. Indicate the item numbers reported herein
Please see attached letter to the PSE and SEC.
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.
Manila Water Company, Inc.MWC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Joint Venture Agreement between the Obando Water District and Obando Water Consortium Holdings Corp.
Background/Description of the Disclosure
In relation to our disclosure dated January 24, 2017 please be informed that Obando Water Consortium Holdings Corp. (“OWCHC”) has signed and executed a Joint Venture Agreement with the Obando Water District (“OWD”). The Joint Venture Agreement (“JVA”) will govern the relationship of OWCHC and OWD as joint venture partners in the Obando Water Concession Project (the “Project”).
Under the said JVA, OWCHC and the OWD shall cause the incorporation of a Joint Venture Company (“JVC”) which shall be granted a concession for the design, construction, rehabilitation, operation, maintenance, financing, expansion and management of water facilities and the provision of water and sanitation services of OWD in the Municipality of Obando. The consortium of OWCHC shall own 90% while OWD shall own 10% of the JVC’s outstanding capital stock.
OWCHC is a consortium of Manila Water and Manila Water Philippine Ventures, Inc. (“MWPV) with MWPV owning 51% of the issued and outstanding capital stock of OWCHC. MWPV is a wholly-owned subsidiary of Manila Water.
Manila Water shall update the SEC and the PSE for further developments on this transaction.