C05511-2020 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common | 6,160,000,000 | |
Note: total outstanding shares are as follows: | - | |
Common | 6,806,878,853 | |
Preferred | 6,467,950,603 |
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Subject of the Disclosure |
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Update on the Compromise Agreement between Central Bay Reclamation and Development Corporation and the Philippine Reclamation Authority |
Background/Description of the Disclosure |
On 30 July 2020, Central Bay Reclamation and Development Corporation (Central Bay), the wholly owned subsidiary of the Company, received a Notice dated 28 June 2020, that the COA En Banc issued a resolution on 21 January 2020 to deny its Motion for Reconsideration (MR). Central Bay intends to file a Petition for Certiorari with the Supreme Court (SC) on or before 19 August 2020 pursuant to the Supreme Court’s Administrative Circular No. 43A-2020. |
Other Relevant Information |
Please see attached SEC 17-C. |
Name | Cheryl De Leon |
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Designation | Compliance Officer |