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 4-32 - Reply to Exchange's Query
Subject of the Disclosure
Reply to Exchange's Query per correspondence dated 25 September 2020
Description of the Disclosure
Reply to Exchange's Query on additional information related to JOH's disclosure dated 24 September 2020 with regard to the Cessation of Granville Ventures Inc. as a subsidiary of JOH
Information Requested
As requested by the Philippine Stock Exchange, we provide below additional Information about Granville Ventures Inc. and its Cessation as JOH's subsidiary:
1. Reason why the Company will not subscribe to additional shares of Granville Ventures, Inc. (“GVI”);
Answer: The Company has limited resources at this time and cannot maintain its current ownership interest in GVI following the latter's capital call.
2. Background of GVI’s business and operations, assets or properties under its name;
Answer: GVI is a preoperating company that was incorporated on March 19, 2001, with an initial authorized capital stock of ₱1.0 million divided into 1 million common shares, with a par value of ₱1 per share. To date, Five Hundred Thousand (500,000) common shares are subscribed and fully paid. GVI has not engaged in active business since its incorporation. Currently, GVI has a total asset of ₱274,075. Investment property is valued at ₱103,757 representing preliminary expenses to acquire a property under its name.
3. Impact on JOH’s consolidated financial statements of the non-inclusion of GVI’s financials; and
Answer: Once GVI ceases to be a subsidiary of JOH, consolidated net assets will be reduced by ₱236,904, net of liabilities amounting to ₱37,171 only.
4. Any other relevant information as you may deem necessary.