| C08732-2025 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common Shares | 14,959,999,950 |
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.
| Subject of the Disclosure |
|---|
Acquisition of Shares of Another Corporation |
| Background/Description of the Disclosure |
Crown Equities, Inc. (CEI) shall purchase the combined 52% equity shares in Crown Central Properties Corporation (CCPC) of Federal Land, Inc. (FLI) and Horizon Land Property Development Corp. (HLPDC) (collectively, the “FLI Group”), subject to closing terms and conditions to be agreed upon by the parties. |
| Date of Approval by Board of Directors |
Dec 16, 2025 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
CEI will consolidate its real estate assets in CCPC and make CCPC its real estate arm once wholly-owned |
| Date | Dec 16, 2025 |
|---|
| Manner |
|---|
Share Purchase |
| Description of the company to be acquired or sold |
CCPC was incorporated and registered with the Securities and Exchange Commission on September 3, 1996 as a joint venture between CEl and FLI to focus on the development of Palma Real Residential Estate in Binan, Laguna. CCPC is currently 48% owned by CEl. |
| Number of shares to be acquired or disposed | 67,500,000 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 52 |
| Price per share | FLI - P1.0898/share; HLPDC - P1.0738/share |
| Nature and amount of consideration given or received |
|---|
Check payment at closing date |
| Principle followed in determining the amount of consideration |
Net book value of the shares as of 30 September 2025 |
| Terms of payment |
Full payment upon closing |
| Conditions precedent to closing of the transaction, if any |
Customary conditions precedent for transactions of similar nature (i.e., internal due diligence, government approvals (if any), and actual issuance of share and stock certificates upon issuance of eCAR). |
| Any other salient terms |
Subject to standard terms of share purchase |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
Once wholly-owned, CEI will consolidate its real estate assets in CCPC and make CCPC its real estate arm |
| Other Relevant Information |
Please see attachment (SEC 17C) |
| Name | Eugene Macalalag |
|---|---|
| Designation | Vice President |