C02490-2018 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 3,312,524,430 |
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 |
---|
The Board of Directors of SSI Group, Inc. (SSI) has approved the merger of Luxury Concepts, Inc. (LCI) and Casual Clothing Retailers, Inc. (CCRI), both 100% owned subsidiaries of Stores Specialists, Inc., with CCRI as the surviving entity. |
Background/Description of the Disclosure |
On April 13, 2018 the Board of Directors of SSI approved the merger of LCI and CCRI, both 100% owned subsidiaries of Stores Specialists, Inc, with CCRI as the surviving entity. The merger is being undertaken in order to streamline SSI's corporate structure and is expected to result in increased efficiencies. The merger will not impact the day to day operations of LCI and CCRI. The merger is subject to approval by the Philippines Securities and Exchange Commission. |
Other Relevant Information |
- |
Name | Margarita Atienza |
---|---|
Designation | Vice President |