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- Sales of
Business and Building: Php65.0 Million
Includes:
8 storey structure with total floor area of 1,200 square meters.
1-3F fully finished and furnished suitable for restaurant and KTV use. 4-8F
are partially finished (as is basis) and ideal for open concept use.
Building structure, first class materials and Triple A grade construction.
Façade is tinted multi-colored maintenance free glass. Club A corporation
and all its assets and goodwill.
- Sale of MIBC Corporation: Php30.0 Million
Includes:
1-3F of the building.
The ownership of Club A, with all its furnishings and equipments.
All the licences and permits for operation of a fine dinning restaurant and
KTV.
Complete inventory and stock supply of the kitchen and bar.
Employment contracts of all employees, if required and acceptable to buyer.
Goodwill of the business.
- Joint Venture: MIBC Corporation
Investment: Php35.0 Million
Includes:
Ownership of investment, Forty-nine(49%)percent of total shares of company.
Board seats
Joint Management control
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