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)
Nov 26, 2024
2. SEC Identification Number
A1996-11593
3. BIR Tax Identification No.
005-038-428-000
4. Exact name of issuer as specified in its charter
MANILA WATER COMPANY, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MWSS ADMINISTRATION BUILDING 489 KATIPUNAN ROAD BALARA QUEZON CITYPostal Code1300
8. Issuer's telephone number, including area code
09171547921
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 shares (Php1.00 par value)
2,597,094,010
Preferred shares (Php0.10 par value)
3,563,756,068
11. Indicate the item numbers reported herein
N/A
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.
Manila Water Company, Inc.MWC
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 of News Article: “Manila Water eyes new markets abroad”, posted in philSTAR.com
Source
philSTAR.com
Subject of News Report
Manila Water eyes new markets abroad
Date of Publication
Nov 26, 2024
Clarification of News Report
We reply to your request for clarification and/or confirmation on the news article entitled “Manila Water eyes new markets abroad” posted in Philstar.com (Online Edition) on November 26, 2024. The news article reported in part that:
“MANILA, Philippines — Razon-led Manila Water Co. Inc. is looking at opportunities to enter new overseas markets to further expand its presence outside the Philippines.
Manila Water president and CEO Jocot de Dios told The STAR that among the markets the company is considering for possible expansion are Australia, Brazil and Mexico.
‘We look at regions. Southeast Asia. We look at South America. Brazil is one, but I think Brazil is very expensive. Mexico, we’ll have to see once the politics settles. In Asia Pacific, Australia is okay, we’ll take a look,’ De Dios said.
‘So we have that exercise but none at a very serious level at present,’ he said.
Manila Water currently has presence in Vietnam, Thailand, Indonesia and the Kingdom of Saudi Arabia through its subsidiaries and associates.
. . .
Asked if the company is also considering at unloading its stake in some of its various operations abroad, De Dios said that ‘everything is on the table.’
‘We’re not saying we’re looking to unload. What we’re saying is we’re paying attention to the portfolio and how we can maximize the portfolio,’ he said.
. . . .”
We confirm that the information contained in the above-quoted news article is correct insofar as it reflects Manila Water’s overall growth strategy and assessment of overseas market opportunities.
While review of current business performance and new business opportunities continue, none have reached a substantive level of development at this time. Given this, Manila Water further clarifies that there are currently no specific plans or actions to unload its stake in its operations abroad.
We hope to have clarified the above-quoted news article for the benefit of the Exchange and the investing public.