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)
Mar 17, 2023
2. SEC Identification Number
CEO2536
3. BIR Tax Identification No.
003-828-269-V
4. Exact name of issuer as specified in its charter
ABOITIZ EQUITY VENTURES, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, PhilippinesPostal Code1634
8. Issuer's telephone number, including area code
(02) 8886-2800
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 Stock Php 1 Par Value
5,630,225,457
Amount of Debt Outstanding (Sept. 30, 2022)
339,398,149,000
11. Indicate the item numbers reported herein
Item 9: Other Events
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.
Aboitiz Equity Ventures, Inc.AEV
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification to the March 17, 2023 Malaya Business Insight (Online Edition) news article.
Source
Malaya Business Insight (Online Edition)
Subject of News Report
AEV enters cold storage biz
Date of Publication
Mar 17, 2023
Clarification of News Report
Gentlemen:
This refers to your letter requesting Aboitiz Equity Ventures, Inc. (AEV, or the “Company”) to confirm the veracity of the information contained in the Malaya Business Insight (Online Edition) news article dated March 17, 2023 entitled, “AEV enters cold storage biz,” the relevant portion of which is quoted hereunder:
“Aboitiz Equity Ventures Inc. has entered the cold storage business with the launch of Fresh Depot which seeks to become the first ever physical and digital solutions platform for farmers in the country.
The company said the first phase of the project involves piloting a modular and sustainable cold storage unit in Mankayan, Benguet to help farmers reduce their post-harvest losses and maximize crop yield.
‘Fresh Depot aims to transform the lives of our farmers by offering a platform that optimizes their yield and income while reducing waste, making a significant contribution to our country’s food security… Uplifting the agricultural sector and our farmers is crucial to strengthening our food supply chain and reducing our reliance on imports. We see various opportunities to make an impact in this sector and this is just one of the many projects we’re working on,’ said Sabin Aboitiz, Aboitiz Group president and chief executive officer, in a statement.
For the cold storage technology, Aboitiz will partner with Ecozen Solutions Pvt. Ltd., which is backed by Nuveen global impact fund USA and EXIM Bank of Government of India.
. . . .
The company said the pilot digitization effort will initially run for three to six months and will become a case study in hopes to scale up across other farm locations in the Philippines if proven viable.
The Aboitiz Group said it will tap Cropin Technology Solutions Pvt. Ltd., which is backed by Impact Assets Singapore for its farm monitoring and management and an easy-to-use, seamless communication solution connecting farmers, agri-businesses and field officers in digitizing farm activities.”
We confirm the reports that we are exploring the cold storage space through modular and sustainable options. To clarify however, the project ‘Fresh Depot’ is still in its pilot study or testing phase and no significant investment or partnerships have been made at the moment.
A copy of the Company’s Press Release is attached for reference.
We trust that we have clarified the above-mentioned news article to your satisfaction.
Aboitiz Equity Ventures, Inc.AEV