C01960-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,821,977,615 |
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Subject of the Disclosure |
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Incentives granted to Trans-Asia Philippines, Incorporated's vessel TA21 |
Background/Description of the Disclosure |
The Cabinet-level Fiscal Incentives Review Board granted the vessel TA 21 of Trans-Asia Shipping Lines, Incorporated, one of the subsidiaries of Chelsea Logistics and Infrastructure Holdings Corp., a 4-year Income Tax Holiday, followed by 5-year Enhanced Deductions, and an 11-year Duty Exemption on importation of capital equipment, raw materials, spare parts or accessories. |
Other Relevant Information |
The incentives were in line with the approval by the Board of Investments of Trans-Asia Shipping's application for registration as a 'New Domestic Shipping Operator (Roro Passenger Vessel - Trans-Asia 21) under R.A.11534 (CREATE Law) and Preferred Activities of the 2020 Investment Priorities Plan as the transitional Strategic Investment Priority Plan. |
Name | Ma. Henedina San Juan |
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Designation | Corporate Secretary |