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 STOCK, PHP1.00 PAR VALUE
281,500,000
11. Indicate the item numbers reported herein
ITEM 9
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.
Jolliville Holdings CorporationJOH
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 Article dated February 17, 2019
Source
Manila Bulletin (Internet Edtion)
Subject of News Report
“Jolliville to relist hydropower assets”
Date of Publication
Feb 17, 2019
Clarification of News Report
February 18, 2019
Philippine Stock Exchange 6th Floor, PSE Tower, 28th Street corner 5th Avenue, BGC, Taguig City
Attention: Ms. Janet A. Encarnacion Head, Disclosure Department
Subject: Clarification of News Article
Gentlemen:
We write in response to your letter dated today, February 18, 2019, seeking clarification regarding the news article entitled “Jolliville to relist hydropower assets” posted in Manila Bulletin (Internet Edtion) on February 17, 2019. The article reported in part that:
“Jolliville Holdings Corporation of businessman Jolly Ting is planning to relist its water and hydropower business assets at the Philippine Stock Exchange after these were spun off a listed subsidiary and used as a backdoor listing vehicle of Udenna’s gaming and tourism businesses.
In an interview after the firm’s stockholders’ meeting, Jolliville Chief Finance Officer Ortrud Yao said they are looking at the possibility of listing by way of introduction.
. . . .
‘The company is already looking at the listing by way of introduction,’ said Yao adding that they plan to prioritize the listing of Philhydro. She said that, ‘right now, Philippine Hydro is looking at all the proposals from the industry to handle the listing. And we are also in discussion with counsel on how (to do it)… I think once all of that has been studied then there will be a formal announcement as to when it will happen and the timeline.
. . . .”
Please note that the above-quoted article is accurate, except for the part that states:
“Jolliville Holdings Corporation of businessman Jolly Ting is planning to relist its water and hydropower business assets at the Philippine Stock Exchange after these were spun off a listed subsidiary and used as a backdoor listing vehicle of Udenna’s gaming and tourism businesses."
The water and hydropower business remain to be subsidiaries of Jolliville Holdings Corporation and neither were involved with the backdoor listing vehicle of Udenna's gaming and tourism business.
We trust this clarifies the news article. Thank you very much.