Friday, 4 September 2020

JOLLIVILLE Holdings Corp. (JOH)

JOLLIVILLE Holdings Corp. (JOH) stated in a popular records sheet (GIS) that as of June 2016, it had 33 Filipino stockholders and one foreigner who owned 280.224 million stocks and 1.276 million shares, respectively.

It also stated its total 34 stockholders owned 281.5 million stocks, which represent the corporation’s incredible shares out of one billion in legal capital stock.

The lone foreigner who owns 1.276 million JOH shares, or zero.45 percent, become now not recognized. His/her Jolliville shares were held by means of PCD Nominee as file stockholder.

Due Diligencer checked the data towards Jolliville’s public ownership document (POR) which listed Elgeete Holdings Inc. As main stockholder, with one hundred twenty five.784 million JOH shares or 44.Sixty eight percent of the entire. Four of Jolliville’s pals held 50.016 million JOH stocks, or 17.76 percent.

A POR suggests the quantity of shares that public investors own. In the case of Jolliville, it credited the public with
ninety six.392 million JOH stocks, or 34.24 percent. That share should make Jolliville greater public than others.

Ironically, while the holdings of Jolliville’s public stockholders may be taken into consideration large, these did no longer, and nonetheless do no longer, translate to club in the employer’s seven-character board. Instead, their seats had been allocated to two impartial directors, particularly Dexter E. Quintana and Sergio Ortiz-Luis.

By the way, as a listed employer, Jolliville, which owns some of gentlemen’s golf equipment, become registered on Sept. Three, 1986 with the Securities and Exchange Commission. It could not have acquired SEC approval had it honestly copied the call of Jollibee Foods Corp., the homegrown fast meals chain.

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