CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Dec 1, 2020
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227599320
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITYPostal Code6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
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 SHARES
1,555,000,000
11. Indicate the item numbers reported herein
OTHER ITEMS
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.
Cebu Landmasters, Inc.CLI
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Phase 1 of P33 billion Davao Global Township unveiled, website launched
Background/Description of the Disclosure
In anticipation of the expected resurgence of Philippine real estate, Mindanao’s emerging P33 billion iconic business district Davao Global Township (DGT) unveils the development’s mixed use first phase highlighted in its newly launched website.
Project owner YHEST Realty and Development Corporation explained that Phase 1 consists of world-class residential towers, an office building destined to be one of the city’s most prestigious corporate addresses, an expansive DGT City Center composed of retail areas ready to address the new normal, and a cultural center. YHEST is a joint venture of leading developer in VisMin Cebu Landmasters Inc. (CLI) and the Villa-Abrille family of Davao organized to transform a 22-hectare property into Mindanao’s iconic premier district.
CLI president and chief executive officer Jose Soberano III discloses that residential demand in the 15 key cities of VisMin where CLI operates has remained strong. He foresees that local residents of Davao, who since the pandemic have begun prioritizing owning a home, and Overseas Filipino Workers will quickly take up DGT’s residential units. Davao Global Township is meticulously designed to adapt to the new normal, where everything you need is situated in one iconic Township. Its newly launched website will provide essential information of the project’s Phase 1.
YHEST president Fred Yuson also observed: “Business confidence appears to be returning particularly in Davao where lockdown measures were less stringent. This is likely to push the growth of innovative projects like the Davao Global Township, which introduces Davaoenos to fresh lifestyle, retail and corporate concepts.”
The website showcases how DGT was master planned and designed to have a mix of indoor and open air features to adapt to the new normal. It has wide open spaces and lush landscapes that will allow everyone to stroll freely and shop without worry. It also showcases DGT City Center’s architecture highlighted by tree-like columns that support a waved roof that houses the retail and dining spaces. It will also describe the residential spaces with world-class amenities, a corporate tower easily accessible to the airport and other business hubs, and a cultural center inspired by the Waling Waling orchid, which represents the city of Davao.
DGT’s history as a former golf course owned by one of Davao’s most prestigious families and its planned evolution into a central business district to match other global centers will be captured in the website as well. Construction updates will also be provided on a monthly basis on the making of this township.
To know more, visit www.dgt.com.ph to experience the Davao Global Township “the Address of Amazing”. Phase 1 coming to Davao in 2023. ###
Cebu Landmasters, Inc.CLI