| C07676-2025 |
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Arthaland CorporationALCO| Subject of the Disclosure |
|---|
Joint Venture Agreement |
| Background/Description of the Disclosure |
At its recently concluded meeting, the Board of Directors of Arthaland Corporation (the “Corporation”) approved the execution of a joint venture agreement and investment agreement (the “Definitive Agreements”) among the Corporation, its subsidiary Zileya Land Development Corporation (Zileya), and SEAI Metro Manila One, Inc. (SEAIMMO), for the development, construction and sale of a residential condominium project located in Arnaiz Avenue, Legaspi Village, Makati City. SEAIMMO agreed to acquire the Corporation’s rights, title, and interest in and to 40% of its shareholdings in and advances to Zileya (as the project company) for and in consideration of the total amount of P724,831,916.00, subject to the fulfillment of the closing conditions in the Definitive Agreements. |
| Other Relevant Information |
Additional disclosures will be made upon the closing of the transaction. |
| Name | Siegfrid Suarez |
|---|---|
| Designation | Legal Counsel |