CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Nov 10, 2017
2. SEC Identification Number
184044
3. BIR Tax Identification No.
350000775860
4. Exact name of issuer as specified in its charter
JG Summit Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
43/F Robinsons Equitable Tower ADb Ave. Cor. Poveda St. Ortigas Center, Pasig CityPostal Code1600
8. Issuer's telephone number, including area code
(632) 633 7631 to 40
9. Former name or former address, if changed since last report
N/A
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
7,162,841,657
11. Indicate the item numbers reported herein
Others
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.
JG Summit Holdings, Inc.JGS
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of News Reports
Source
BusinessMirror (Internet Edition)
Subject of News Report
JG Summit eyes P18-billion project in Cebu City
Date of Publication
Nov 9, 2017
Clarification of News Report
We refer to your letter dated November 10, 2017 requesting JG Summit Holdings, Inc. to clarify and/or confirm a news article entitled “JG Summit eyes P18-billion project in Cebu City” posted in BusinessMirror (Internet Edition). The article reported in part that:
“CEBU City Mayor Tomas Osmeña said a giant company has proposed an P18-billion mixed-use development project at the 8-hectare Kawit Island property in the South Road Properties (SRP).
Osmeña added JG Summit Holdings Inc. is expected to submit to the city a formal unsolicited proposal within the month.
‘They will spend P18 billion for a hotel, restaurant, casino and convention center. There will be 1,000 rooms and four towers. When you spend P18 billion, you will have a lot of facilities, a yacht club, island cruises, a water park,’ the mayor said.
He added JG Summit Holdings Inc. will soon announce a new corporation as a foreign partner will assist in the multibillion-peso project. He is eyeing at closing the deal within the month so that the process of the unsolicited proposal will move forward after negotiations with the executive department.
. . . .”
Please be informed that the proposal to develop the integrated resort project in Cebu was made by the Gokongwei family through a privately held company.