C06216-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 1,247,999,999 |
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Subject of the Disclosure |
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Announcement regarding the Company Subsidiary plans to invest in Hong Kong property interests. Please refer to the attached Press Release. |
Background/Description of the Disclosure |
SBS Holdings and Enterprises Corporation (SHEC) , a wholly owned subsidiary of SBS Philippines Corporation, is acquiring a 4.25% equity interests in Joune Holding Limited (“JHL”), a Hong Kong company majority owned by the Sytengco Family (controlling shareholders of the Company) for P77.0 million. |
Other Relevant Information |
JHL has entered into a purchase agreement to acquire Maxco International Development Limited (“Maxco”), HK property holding company, that owns directly and indirectly through its wholly owned subsidiaries, contiguous parcels of land located in Tuen Mun, New Territories, Hong Kong, having a combined lot area of approximately 4,641.7 square meters. |
Name | REGINA SIMONA DE GUZMAN |
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Designation | GENERAL COUNSEL & COMPLIANCE OFFICER |