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)
Dec 28, 2020
2. SEC Identification Number
AS092-00589
3. BIR Tax Identification No.
001-817-292
4. Exact name of issuer as specified in its charter
Greenergy Holdings Incorporated
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
54 National Road, Dampol II-A, Pulilan, BulacanPostal Code3005
8. Issuer's telephone number, including area code
(02) 8997-5184
9. Former name or former address, if changed since last report
Not Applicable
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
1,800,778,573
Preferred Shares
1,000,000,000
11. Indicate the item numbers reported herein
Item 9
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.
Greenergy Holdings IncorporatedGREEN
PSE Disclosure Form 16-1- Update on Corporate Actions/ Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and Section 16 of the Revised Disclosure Rules
Subject of the Disclosure
Mutual Termination of the Memorandum of Agreement dated 17 July 2019
Background/Description of the Disclosure
We refer to the Memorandum of Agreement dated 17 July 2019 (“MOA”) executed by Greenergy Holdings Incorporated (the “Company”) with RYM Business Management Corp. and certain landowners (collectively, the “Parties”), details of which were previously disclosed to the Philippine Stock Exchange on 17 and 19 July 2019.
The Company wishes to inform the investing public that the Parties have mutually agreed to terminate the MOA effective today, 28 December 2020. The Parties have decided to no longer pursue the transaction contemplated under the MOA due to the impact of the COVID-19 pandemic, the resulting prolonged community quarantine, and the effect thereof on real estate property businesses.
Moving forward, the Company will focus on its core investments and projects in the areas of food and agriculture, medicinal hemp production, digitalization projects, and development of green infrastructures.
Other Relevant Information
Please see attached letter dated 28 December 2020 and SEC Form 17-C.