C05657-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARE | 4,185,934,029 | |
AMOUNT OF DEBT OUTSTANDING AS OF MARCH 31, 2023 | 80,000,000 |
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Subject of the Disclosure |
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RESULTS OF REGULAR BOARD MEETING |
Background/Description of the Disclosure |
Please be informed that the Board of Directors of the Corporation today authorized and approved the investment into and acquisition of a property located at Silang Cavite with an area of approximately 22.5 hectares to replenish the inventory of the Corporation of land and investments. The final contract price is subject to the appraisal of an independent appraiser with a floor price of P5,000 pesos per square meter, and a ceiling of P7,000 pesos per square meter for the purpose of developing the same into an income-generating residential development. The Board also authorized the President, Raul B. De Mesa and/or the Chief Operations Officer, Arturo V. Magtibay, to sign any relevant documents for the investment into the property. |
Other Relevant Information |
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Name | Rico De Los Reyes |
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Designation | Comptroller |