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)
Sep 30, 2015
2. SEC Identification Number
CS200711792
3. BIR Tax Identification No.
006-806-867-000
4. Exact name of issuer as specified in its charter
GT Capital Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
43rd Floor GT Tower International, 6813 Ayala Avenue corner H.V. Dela Costa Street, Makati CityPostal Code1227
8. Issuer's telephone number, including area code
02-8364500
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
174,300,000
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.
GT Capital Holdings, Inc.GTCAP
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 philSTAR.com news article
Source
philSTAR.com
Subject of News Report
GBPC mulls first Luzon power project
Date of Publication
Sep 30, 2015
Clarification of News Report
Regarding the news article that was posted in philSTAR.com on September 30, 2015 entitled “GBPC mulls first Luzon power project”, which reported in part that:
“MANILA, Philippines - Global Business Power Corp. (GBPC), the power generation company of banking tycoon George Ty, is preparing to expand outside Visayas with its first power venture in Luzon in 2016.
GBPC executive vice president Jaime Azurin said the company is keen on expanding in Luzon.
A coal-fired power plant with capacity of at least 600 megawatts (MW) is being eyed, which could happen ‘next year,’ he said.
‘We’re looking at Luzon. We’re looking at coal but it has to be bigger in size to be able to lower the cost,’ Azurin said.
. . . .
But Azurin noted GBPC will be working with power distribution giant Manila Electric Co. (Meralco) for the Luzon project.
. . . .
Last year, GBPC laid down a $1-billion investment plan to increase its installed capacity to 1,000 MW by 2018.
Apart from the Luzon project, company officials said the firm is looking at a 164-MW plant with MGen in Mindanao.
It is also working on the 150-MW expansion of the coal-fired power plant owned by subsidiary Panay Energy Development Corp., targeted for completion in July 2016.”
We confirm the statement of GBPC executive vice president Jaime Azurin that GBPC is interested in expanding in Luzon and that such venture has to be bigger in size in order to lower the cost of the project. However, we clarify that no other statements were made regarding the matter. Rest assured we will make the necessary disclosures if appropriate.