C06586-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON SHARES | 144,228,604 | |
Total Debt (in Millions of Pesos) | 250,008 |
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 |
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Establishment of a joint venture among 917Ventures, Inc. (“917Ventures”), Ayala Corporation and Gogoro Network Pte Ltd (“Gogoro SG”) for the importation, sale, distribution, operation, management and maintenance of Gogoro two-wheeled scooters (“E-Scooters”) with battery swapping technology, battery swapping stations for the E-Scooters, and after-sales services business in the Philippines through Gogoro Philippines, Inc. (“Gogoro PH”) |
Background/Description of the Disclosure |
On 24 August, 2023, 917Ventures, Ayala Corporation and Gogoro SG (“The Parties”) executed a Joint Venture Agreement to establish a joint venture for the launch of the Gogoro two-wheeled EV battery swapping technology in Metro Manila. |
Other Relevant Information |
The closing of the transaction shall be subject to customary conditions precedent. On closing date, the Parties shall infuse the aggregate amount of Eight Million Five Hundred Thousand US Dollars (USD8,500,000.00) into Gogoro PH. |
Name | Marisalve Co |
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Designation | Chief Compliance Officer/Asst. Corporate Secretary/SVP for Law and Compliance |