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)
Jul 22, 2021
2. SEC Identification Number
AS93000023
3. BIR Tax Identification No.
003822183000
4. Exact name of issuer as specified in its charter
DISCOVERY WORLD CORPORATION
5. Province, country or other jurisdiction of incorporation
STATION 1, BALABAG, MALAY AKLAN
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
STATION 1, BALABAG, MALAY, AKLANPostal Code5608
8. Issuer's telephone number, including area code
8813-8857
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
854,000,000
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.
Discovery World Corporation DWC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Incorporation of One Davao Corporation and Subscription of Discovery World Corporation to shares of the same
Background/Description of the Disclosure
One Davao Corporation shall have an Authorised Capital Stock of One Hundred Million Pesos (PhP 100,000,000.00). Discovery World Corporation will subscribe to Eleven Million (11,000,000) shares with a par value of One Peso (PhP 1.00) per share or a total of Eleven Million Pesos (PhP 11,000,000.00)
One Davao Corporation shall be a wholly-owned subsidiary of Discovery World Corporation and will be a holding company and developer for properties to be acquired in Davao for future developments
Other Relevant Information
Out of the total subscription, the Corporation shall pay Ten Million Pesos (PhP 10,000,000.00 ). The remaining balance shall be payable upon call of the Board of Directors of One Davao Corporation.
This subscription shall be conditioned on the approval of the Securities and Exchange Commission of the Application for Incorporation of One Davao Corporation
This amendment was made to provide more details on One Davao Corporation.