9. Former name or former address, if changed since last report
CADP GROUP CORPORATION
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
2,199,013,341
11. Indicate the item numbers reported herein
Item No. 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.
Roxas and Company, Inc.RCI
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Sale of properties by wholly owned subsidiary, Roxaco Land Corporation.
Background/Description of the Disclosure
Please be informed that Roxaco Land Corporation (Roxaco), the company’s wholly owned subsidiary, sold the following properties to Sta. Lucia Realty and Dev. Inc. (Sta. Lucia) on 24 February 2021:
1. Portion of property located in Brgy. Lumbangan, Nasugbu Batangas for an area of 202,535 sqm more or less; and 2. A portion of property located in Brgy. Bilaran, Nasugbu, Batangas for an area of 171,876 sqm more or less.
The proceeds from the sale will be used to pay-off a portion of Roxaco’s debt and for its working capital needs.
Sta. Lucia’s planned residential and commercial developments for the properties are expected to substantially increase the fair market value of the land bank owned by Roxaco and Roxas and Company in the adjacent areas as well as, enhance the attractiveness of Nasugbu, Batangas as a destination for other major developers and locators.