| C07283-2025 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| COMMON | 1,036,281,485 | |
| EEIPB | 45,000,000 | |
| EEIPC (UNLISTED) | 20,000,000 | |
| EEIPD (UNLISTED) | 60,000,000 |
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 100% Interest in First Orient International Ventures Corporation |
| Background/Description of the Disclosure |
EEI executes the Share Purchase Agreement acquiring 46,805 shares or 100% of the common shares in First Orient International Ventures Corporation ("FOIVC") from KC Land Oriental Pacific Inc. ("KLOPI") |
| Date of Approval by Board of Directors |
Sep 3, 2025 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
The acquisition of FOIVC is part of the Company’s long-term growth strategy to evolve from a pure-play construction company into a fully integrated property and infrastructure developer. |
| Date | Oct 15, 2025 |
|---|
| Manner |
|---|
Acquisition of shares thru payment of cash consideration |
| Description of the company to be acquired or sold |
FOIVC is a domestic corporation currently engaged in the business of acquiring, using, improving, developing, selling, leasing and holding real estate property for investment and other purposes. It currently owns or has rights to 49 hectares, more or less, of real estate property in the Province of Cavite. |
| Number of shares to be acquired or disposed | 46,805 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 100 |
| Price per share | PhP59,822.67 |
| Nature and amount of consideration given or received |
|---|
Consideration shall be paid in cash in the total amount of PhP 2,800,000,000.00 |
| Principle followed in determining the amount of consideration |
The Parties reached an agreement on the amount of the consideration by imputing a reasonable return on the acquisition by KLOPI of the shares from the previous shareholder/s. |
| Terms of payment |
Full payment upon execution. |
| Conditions precedent to closing of the transaction, if any |
Subject to the issuance of the electronic Certificate Authorizing Registration by the Bureau of Internal Revenue. |
| Any other salient terms |
None. |
| Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
|---|---|---|
| KC Land Oriental Pacific Inc. | No relationship |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
The diversification is designed to leverage the Company’s extensive construction expertise, robust project management capabilities, and established industry relationships. |
| Other Relevant Information |
None. |
| Name | Teresita Salazar |
|---|---|
| Designation | Sr. Legal Services Officer |