C00112-2018 |
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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Restructuring of GN Power Mariveles Coal Plant Ltd. Co. and GNPower Dinginin Ltd. Co. |
Background/Description of the Disclosure |
Aboitiz Power Corporation’s wholly owned subsidiary, Therma Power, Inc. (TPI), is streamlining its share ownership structure in GNPower Mariveles Coal Plant Ltd. Co. (GNPower-Mariveles) and GNPower Dinginin Ltd. Co. (GNPower-Dinginin). The restructuring involves the transfer of direct ownership of GNPower-Mariveles and GNPower-Dinginin from the offshore subsidiaries of TPI to TPI and the eventual dissolution and liquidation of the offshore intermediary subsidiaries that own the GNPower-Mariveles and GNPower-Dinginin shares. As a result TPI will directly own 66.01% partnership interest in GNPower-Mariveles and 50% partnership interest in GNPower-Dinginin |
Other Relevant Information |
Please see attached. |
Name | Yasmin Ayesha Lee |
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Designation | Jr. Associate General Counsel |