Italpinas Development Corporation to Acquire Edil-Impresa, Inc.

Italpinas Development Corporation to purchase 25,000 shares with a par value of P100 for a total consideration of P2,500,000.00 of Edil-Impresa, Inc.

The current shareholding of Edil-Impresa Inc. is a result of the incorporation procedure undergone. The transaction will realize the actual intent of the company, which is that Edil-Impresa Inc. should be a wholly-owned subsidiary.

The purchase of Edil-Impresa, Inc. will be done through the execution of a Deed of Assignment of Shares from the relevant shareholders conveying their shares to Edil-Impresa, Inc.

The terms and conditions of the transaction:

Number of shares to be acquired or disposed: 25,000
Percentage to the total outstanding shares of the company subject of the transaction: 100%
​Price per share: P100

The asset involved are the entire issued and outstanding shares of Edil-Impresa, Inc.

Edil-Impresa, Inc. is a Philippine Corporation that was incorporated on June 25, 2024 whose primary purpose is as follows:

“To carry on the conduct of a general construction contracting business with private or government entities, subdivision, instrumentality, office, institution or agency, including the designing, constructing, enlarging, repairing, remodeling, operating, maintaining, financing or otherwise engaging in any work upon buildings, condominiums, subdivisions, housing projects, shopping malls, commercial centers, hotels, motels, roads, sidewalks, highways, bridges, dams, public markets, irrigation systems, manufacturing plants or such other improvements; to engage in iron, steel, wood, bricks, concrete, stone, cement masonry and earth construction; to enter into and execute contracts or to receive assignments of contracts therefore or relating thereto; also to import and/or furnish building materials, equipment and supplies connected herewith; and to engage in any and all activities and business undertaking as may be necessary or incidental to accomplish the primary purpose and objectives of the Corporation.”

Italpinas Development Corporation (IDC™), is a publicly listed real estate developer of sustainable property in the Philippines. As a forward-thinking parent company, IDC™ is committed to fostering a culture of sustainability within its real estate development endeavors. By strategically guiding its subsidiaries, IDC™ prioritizes the development of eco-friendly and energy-efficient buildings.

IDC's primary purpose is to engage in the business of real estate development using knowledge in architectural design, market and demographic strategy, project development, and sales. The Company's first development project is the Primavera Residences, a twin-tower 10-storey mixed-use condominium in Pueblo de Oro Township in Cagayan de Oro City. IDC's project pipeline presently includes the Primavera City in Cagayan de Oro City, and the Miramonti, a mixed-use development project in Sto. Tomas, Batangas.