Crown Equities : Results of Organizational Meeting of Board of Directors
June 24, 2022 at 04:46 am IST
Share
SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
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) Jun 23, 20222. SEC Identification Number 397453. BIR Tax Identification No. 002-837-4614. Exact name of issuer as specified in its charter CROWN EQUITIES, INC.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Crown Center, 158 Jupiter cor. N. Garcia Sts., Makati CityPostal Code12098. Issuer's telephone number, including area code (632) 8899-0081, (632) 8899-04559. Former name or former address, if changed since last report NA10. 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
14,959,999,950
11. Indicate the item numbers reported herein Item 9 - Other Events
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.
Crown Equities, Inc.CEI
PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of the Organizational Meeting of the Board of Directors of Crown Equities, Inc.
Background/Description of the Disclosure
Ladies and Gentlemen:
In the Organizational Meeting of the Board of Directors of Crown Equities, Inc. (CEI) held May 24, 2022 via Remote Communication (Microsoft Teams), the corporate officers and Board Committee members were appointed.
List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Position/Designation
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
George L. Go
Chairman and Chief Audit Executive
17,695,880
756,942,500
N/A
Wilfrido V. Vergara
Vice Chairman
2,297,600
22,536,000
N/A
Romuald U. Dy Tang
President
10,292,000
76,700,000
N/A
Patrick D. Go
Treasurer and Chief Compliance Officer
68,123,000
181,412,000
N/A
Eugene B. Macalalag
First Vice President and Investors Relations Officer
13,040,088
6,800,000
N/A
Christopher Brian C. Dy
Assistant Vice President for Real Estate Subsidiaries & Operations and Chief Risk Officer
6,632,000
0
N/A
Mark O. Vergara
Corporate Secretary
0
0
N/A
Gino Paulo O. Uy
Assistant Corporate Secretary
0
0
N/A
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
Wilfrido V. Vergara
Chairman
"
George L. Go
Member
"
Romuald U. Dy Tang
Member
Nominations Committee
George L. Go
Chairman
"
Wilfrido V. Vergara
Member
"
Romuald U. Dy Tang
Member
"
Ramon A. Recto
Member
Compensation and Remuneration Committee
Wilfrido V. Vergara
Chairman
"
George L. Go
Member
"
Romuald U. Dy Tang
Member
"
Emilio S. De Quiros, Jr.
Member
Audit Committee
Conrado G. Marty
Chairman
"
Ramon A. Recto
Member
"
Rodolfo B. Fernandez
Member
Corporate Governance Committee
Rodolfo B. Fernandez
Chairman
"
Ramon A. Recto
Member
"
Reynaldo V. Reyes
Member
Board Risk Oversight Committee
Emilio S. De Quiros, Jr.
Chairman
"
Rodolfo B. Fernandez
Member
"
Nixon Y. Lim
Member
Related Party Transaction Committee
Nixon Y. Lim
Chairman
"
Reynaldo V. Reyes
Member
"
Emilio S. De Quiros, Jr.
Member
Investment Committee
Wilfrido V. Vergara
Chairman
"
George L. Go
Member
"
Romuald U. Dy Tang
Member
"
Emilio S. De Quiros, Jr.
Member
"
Reynaldo V. Reyes
Member
"
Nixon Y. Lim
Member
"
Eugene B. Macalalag
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
Appointment of Rodolfo B. Fernandez as Lead Independent Director.
Other Relevant Information
Earlier disclosure is being amended to indicate the professional experience of newly appointed Corporate Secretary, Atty. Mark O. Vergara as follows:
Atty. Mark O. Vergara has considerable exposure in the field of Banking and Finance. His early involvement in the Build Operate Transfer (BOT) and Build Own Operate (BOO) concessions of the government resulted in extensive legal advisories on project finance transactions covering the first wave of power sector infrastructure projects under the original iteration of the Philippine BOT Law. He has served as counsel for the lenders on the financing of the nationwide computerization projects such as that of the Land Transportation Office and the Land Registration Authority likewise under BOT and BOO concessions.
Atty. Vergara regularly provides advice to client private & government banks & financial institutions in loan syndications, and in corporate bonds & notes issuances. He has advised local lenders in the loan syndications for the construction & operation of the expressway in north Luzon and the redevelopment of the harbor port for the domestic passenger terminal in Manila, both priority projects of the government.
Atty. Vergara is also involved in the Mergers & Acquisition practice, having counseled and advised on the consolidation of the expressways in south Luzon. In addition, Atty. Vergara also provides dedicated advice to international firms on global corporate solutions for multinational corporate clients on cross-border issues, particularly on equity compensation.
Atty. Vergara has been recognized by Asia Legal 500 in the field of Banking and Finance, and in Capital Markets. He is currently a senior partner at the Martinez Vergara & Gonzalez Sociedad Law.
Thank you.
Filed on behalf by:
Name
Elmer Serrano
Designation
Corporate Information Officer
Attachments
Original Link
Original Document
Permalink
Disclaimer
Crown Equities Inc. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 23:15:02 UTC.
Crown Equities, Inc. is a Philippines-based investment holding company. The Company is engaged in the business of real estate development and healthcare through its subsidiaries. The Company operates through three segments: Real estate, Healthcare services and Investment holdings. Real estate segment is involved in the acquisition of land, planning and developing residential communities, such as development and sale of condominium units and parking slots, residential lots and housing units. Healthcare services segment is involved in delivering out-patient health care services through ambulatory care centers. This includes the sale of medical goods and services. Investment holdings segment creates project investments and later dispose these investments after creating value. The Companyâs subsidiaries include Crown Central Properties, Corp., Parkfield Land Holdings, Inc., Healthcare Systems of Asia Phils., Inc, Fortmed Medical Clinics Makati. Inc. and Argent Capital Holdings Corporation.