134,025,002 Common Shares of Kepwealth Property Phils., Inc. are subject to a Lock-Up Agreement Ending on 19-AUG-2020.
August 18, 2020
Share
134,025,002 Common Shares of Kepwealth Property Phils., Inc. are subject to a Lock-Up Agreement Ending on 19-AUG-2020. These Common Shares will be under lockup for 367 days starting from 18-AUG-2019 to 19-AUG-2020.
Details:
A total of 134,025,002 common shares held by the company’s existing shareholders, including nominee shareholders and the independent directors, will be subject to a one- year lock-up from the listing of the shares.
Kepwealth Property Phils., Inc. is a Philippines-based company. The Company's principal activities are to invest in, purchase, hold, use, sell, assign, transfer, lease, mortgage, exchange, maintain, administer, manage, and operate alone or jointly with others, or otherwise dispose of property or real property, including office, commercial, agricultural, residential properties, hotels, inns, resorts, apartments, or personal property. Its business segments include Leasing, and Asset Management. The Leasing segment is engaged in leasing of condominium units and parking slots in Kepwealth Center located in Cebu Business Park, Cebu City. In addition, the Company owns condominium units and parking spaces on One San Miguel Avenue located at San Miguel Avenue in Ortigas Center, Pasig City. It owns around 77 units with 98 leasable spaces of Kepwealth Center in the Cebu Business Park. The Company serves various industries, such as finance and insurance, audit, and legal counseling.