C08837-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Share | 2,880,137,615 |
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Subject of the Disclosure |
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S&R, a wholly-owned subsidiary of Puregold Price Club, Inc., purchasing PSMT Philippines, Inc. |
Background/Description of the Disclosure |
On November 25, 2022, the Board of Directors of Kareila Management Corporation, owner and operator of “S&R” membership warehouse, a wholly-owned subsidiary of Puregold Price Club, Inc., approved to purchase 100% capital stock of PSMT Philippines, Inc. for One Hundred Twelve Million Five Hundred Thousand Pesos (P112,500,000.00). The Co Family owns PSMT Philippines, Inc. |
Other Relevant Information |
Please see attached SEC 17-C Report of the Company. |
Name | Candy Dacanay-Datuon |
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Designation | Assistant Corporate Secretary / Compliance Officer |