C02960-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON | 6,061,560,322 |
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Subject of the Disclosure |
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Arbitration proceedings relating to the Makati City Subway Project under the Joint Venture Agreement with the Makati City Government |
Background/Description of the Disclosure |
Please be informed that the Board of Directors of Philippine Infradev Holdings Inc. has resolved that continuing with the Makati City Subway Project under the Joint Venture Agreement (“JVA”) with the Makati City Government was rendered no longer economically and operationally feasible due primarily to the Philippine Supreme Court's decision declaring some subway stations and depot to be under the jurisdiction of Taguig City instead of the Makati City. Arbitration proceedings have thus been commenced with the Singapore International Arbitration Centre to enable an impartial resolution of the JVA with the Makati City |
Other Relevant Information |
None. |
Name | Jead Mark Dela Rosa |
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Designation | Accounting Manager |