A Brown Company, Inc. Enters into JVA with the Provincial Government of Misamis Oriental

​The Board of Directors of A Brown Company, Inc. has authorized its President and Chief Executive Officer to enter into a Joint Venture Agreement (JVA) with the Provincial Government of Misamis Oriental.

​The JVA covers the Misamis Oriental Capitol Compound Development Project (the Project) which seeks to develop, under an integrated Master Development Plan, a portion of the Misamis Oriental Provincial Capitol Compound into a mixed-use complex including the development of necessary public infrastructure, construction of a high rise multi-purpose building, commercial and office buildings, a dormitory, and a public park. The Project is to be developed in four (4) parts with total investment committed by the Corporation of Two Billion Five Hundred Million Pesos (P2,500,000,000.00)(the Investment Commitment).
 
Parts 1-3 (Phase One) of the Project will include the development and construction of Office Spaces, a Commercial/Shopping Center, a Park and Parking facilities. Part 4 (Phase Two) of the Project will include the development and construction of a Multilevel Mixed-Use building with a Dormitory.
 
The JVA is expected to be signed on January 23, 2025 after which the Corporation will be making a more comprehensive disclosure on the final terms and conditions thereof.