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)
Jul 18, 2024
2. SEC Identification Number
PW00000216
3. BIR Tax Identification No.
000-164-009-000
4. Exact name of issuer as specified in its charter
Mabuhay Vinyl Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
22F The Salcedo Towers, 169, H.V. Dela Costa Street, Salcedo Village, Barangay Bel-Air, Makati CityPostal Code1227
8. Issuer's telephone number, including area code
(02) 8817-8971
9. Former name or former address, if changed since last report
3rd Floor, Philamlife Building, 126 L.P. Leviste St., Salcedo Village, Makati City
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
661,309,398
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.
Mabuhay Vinyl CorporationMVC
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
The Board of Directors of Mabuhay Vinyl Corporation (the "Corporation") had its Regular Meeting held at its principal office today, 18 July 2024.
Background/Description of the Disclosure
The Board of Directors of MABUHAY VINYL CORPORATION (the Company) in its regular meeting on 18 July 2024 considered/approved the following:
• Reduction of the existing loan receivables from Philippine Resins Industries, Inc. (“PRII”) from Six Hundred Million Pesos (PHP600 Million) to One Hundred Million Pesos (PHP100 Million) and extension of the term of the loan granted to PRII for a period of not more than one hundred eighty (180) days, from 03 August 2024 (original due date) until 30 January 2025.
The Company has an existing loan receivable from PRII amounting to Six Hundred Million Pesos (PHP600 Million), which was approved by the Board of Directors on 7 February 2024. Relevant disclosures, i.e., SEC Form 17-C on 7 February 2024 and the Material Related Party Transaction Advisement Report on 18 April 2024, have been submitted.
The remaining balance of the loan amounting to Five Hundred Million Pesos (PHP500 Million) shall be paid by PRII on 03 August 2024 (original due date).
Other Relevant Information
Please see attached SEC Form 17-C dated 18 July 2024.