C02332-2024

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)
Apr 18, 2024
2. SEC Identification Number
15-A
3. BIR Tax Identification No.
000-290-538
4. Exact name of issuer as specified in its charter
Roxas Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 10-B Six/Neo Building, 5th Avenue corner 26th Street Bonifacio Global City, Taguig City, Metro Manila Postal Code 1634
8. Issuer's telephone number, including area code
0998 591 4710
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 Stock 1,547,935,799
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.

Roxas Holdings, Inc.ROX

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure

Response to the PSE's Query dated 2 April 2024
Description of the Disclosure

Response of the Company's Management to the requested additional information:

1. Company's plan on its operation as a result of the cessation of CADPI;
2. Existing business/operations of ROX as of date;
3. Plan detailing the activities it will undertake, together with corresponding timetable to resume its regular business operations; and
4. Any other relevant information.
Information Requested

To support working capital requirements and pay maturing obligations, Roxas Holdings, Inc. (“RHI” or “the Group”) is currently focused on executing the planned divestment of San Carlos Bioenergy, Inc. (“SCBI”). The SCBI assets, and SCBI operations (as a separate segment of the Group’s business) have been classified as “assets held for sale”, and “discontinued operations”, respectively, in the Group’s consolidated audited financial statements for fiscal year ending as of September 30, 2023. To be included in the planned sale of SCBI are assets relating to the bioethanol business including liabilities directly associated with these assets.

RHI is presently in earnest discussion with a prospective buyer of SCBI. However, the discussion is ongoing, and no definitive agreement has yet been reached pertinent to the sale at this time. The expected timetable to complete the sale of SCBI is within the second or third quarter of 2024. Further, RHI is currently reviewing other options including potentially inviting new investors that will allow RHI to operate again. In the meantime, Management is principally considering disposing of its non-core assets (i.e. aside from SCBI assets) to provide liquidity to the Group. Such information has been disclosed by RHI in its Quarterly Report for the quarter ended December 31, 2023.

On the other hand, since Central Azucarera Don Pedro, Inc. (“CADPI”) has closed business operations as of February 28, 2024, it does not expect to resume any regular operations in the near term. CADPI will safekeep and preserve the refinery plant and related assets until there arises a viable business opportunity that will warrant resumption of operations. Accordingly, the Group is unable to provide a timetable for any plan or activity involving CADPI under its current circumstances.

As for the current operations of RHI, it holds parcels of land located in Barrio Lumbangan, Nasugbu, Batangas which continue to be held for lease to third-party lessees as disclosed in its audited financial statements for fiscal year ending as of September 30, 2023. However, RHI did not earn income from any other business operations for the fiscal year ended September 30, 2023.
Filed on behalf by:
Name Cynthia De La Paz
Designation Corporate Secretary