Overseas Regulatory Announcement : by an overseas listed subsidiary
05/14/2021 | 11:25am EDT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
SUNCITY GROUP HOLDINGS LIMITED
太陽城集團控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1383)
Overseas Regulatory Announcement:
by an overseas listed subsidiary
This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Suntrust Home Developers, Inc., an overseas listed subsidiary of Suncity Group Holdings Limited listed on The Philippine Stock Exchange, Inc. ("PSE"), has published its quarterly report for the three months ended 31 March 2021 (the "1st Quarterly Report") on the website of PSE on 14 May 2021. For details, please refer to the attached 1st Quarterly Report.
By order of the Board
Suncity Group Holdings Limited
Chau Cheok Wa
Chairman
Hong Kong, 14 May 2021
As at the date of this announcement, the executive Directors are Mr. Chau Cheok Wa, Mr. Lo Kai Bong, Mr. Au Chung On John and Mr. Manuel Assis Da Silva; and the independent non-executive Directors are Mr. Tou Kin Chuen, Dr. Wu Kam Fun Roderick and Mr. Lo Wai Tung John.
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(Company's Full Name)
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(Business Address: No. Street City/ Town/ Province)
NELILEEN S. BAXA
(623) 894-6300
Contact Person
Company Telephone Number
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Last Tuesday
Month
Day
FORM TYPE
Month
Day
Fiscal Year
Annual Meeting
Secondary License Type, If Applicable
Dept. Requiring this Doc.
Amended Articles Number/Section
Total Amount of Borrowings
Total No. of Stockholders
Domestic
Foreign
To be accomplished by SEC Personnel concerned
File Number
___________________________
LCU
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Document I.D.
Cashier
S T A M P S
Remarks = pls. use black ink for scanning purposes
SUNTRUST HOME DEVELOPERS, INC.
26th Floor, Alliance Global Tower, 36th Street corner 11th Avenue, Uptown Bonifacio, Taguig City, 1634, Metro Manila, Philippines
Tel: (632) 894-6300
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-Q
QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE
SECURITIES REGULATION CODE AND SRC RULE 17.2 (b)
THEREUNDER
1. For the quarterly period ended 31 March 2021
2. SEC Identification Number: 106833. BIR Tax Identification Number: 000-141-166
SUNTRUST HOME DEVELOPERS, INC.Exact name of issuer as specified in its charter
Metro Manila, Philippines
Province, Country, or other jurisdiction of incorporation or organization
6.
(SEC Use Only)
Industry Classification Code:
26th Floor, Alliance Global Tower, 36th Street corner 11th Avenue, Uptown Bonifacio, Taguig City 1634
Address of issuer's principal office
8.(632) 8894-6300
Issuer's Telephone Number, including area code
Securities registered pursuant to Sections 8 and 12 of the Code, or Section 4 and 8 of the
RSA
TITLE OF EACH CLASS
NUMBER OF SHARES OF COMMON STOCK
OUTSTANDING
Common
7,250,000,000
10. Are any or all of the securities listed on the Philippine Stock Exchange?
Yes [X]
No [ ]
Philippine Stock Exchange
Common Shares
11. Indicate by check mark whether the registrant:
has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months.
Yes [X]
No [ ]
has been subject to such filing requirements for the past ninety (90) days.
Yes [X]
No [ ]
PART I - FINANCIAL INFORMATION
Item 1.
Financial Statements
1.
Consolidated Statements of Financial Position (Exhibit 1)
2.
Consolidated Statements of Income (Exhibit 2)
3.
Consolidated Statements of Changes in Equity (Exhibit 3)
4. Statements of Cash Flows (Exhibit 4)
5. Notes to InterimFinancial Statements (Exhibit 5)
Item 2.
Management's Discussion and Analysis of Results of Operations and
Financial Condition
Please see Exhibit 6
Item 3.
Aging of Accounts Receivable
Please see attached hereto as Exhibit 7
ltem4.
Schedule of Financial Soundness Indicators
Please see Exhibit 8
PART II - OTHER INFORMATION
The Company is not in possession of any information which may, at its option, be reported under this item and which would otherwise be required to be filed in a report on SEC Form 17-C.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SUNTRUST HOME DEVELOPERS, INC.
Issuer
By:
NEOLI MAE L. KHO
Treasurer (Principal Financial Officer
and Duly Authorized Officer)
EXHIBIT 1
SUNTRUST HOME DEVELOPERS, INC. AND SUBSIDIARIES (A Subsidiary of Fortune Noble Limited)
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
MARCH 31, 2021 AND DECEMBER 31, 2020
(Amounts in Philippine Pesos)
Unaudited
Audited
March 31, 2021
December 31, 2020
A S S E T S
CURRENT ASSETS
Cash and cash equivalents
P
3,710,493,737
P
5,877,616,276
Due from related parties
27,382,014
27,382,014
Other current assets
313,052,385
29,437,269
Total Current Assets
4,050,928,136
5,934,435,559
NON-CURRENT ASSETS
Investment in an associate
-
153,728,294
Right-of-use asset - net
14,271,812,762
14,429,698,406
Deposits for property and equipment
1,388,516,376
-
Property and equipment - net
2,939,191,697
1,976,103,364
Total Non-current Assets
18,599,520,835
16,559,530,064
NON-CURRENT ASSET HELD FOR SALE
150,492,152
-
TOTAL ASSETS
P
22,800,941,123
P
22,493,965,623
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade and other payables
P
516,856,598
P
292,499,838
Lease liability
25,394,835
-
Due to related parties
143,243,384
58,378,962
Total Current Liabilities
685,494,817
350,878,800
NON-CURRENT LIABILITIES
Convertible bonds payable
8,368,024,190
8,197,353,930
Lease liabilities
5,726,130,118
5,618,666,948
Total Non-current Liabilities
14,094,154,308
13,816,020,878
Total Liabilities
14,779,649,125
14,166,899,678
EQUITY
8,021,291,998
8,327,065,945
TOTAL LIABILITIES AND EQUITY
P
22,800,941,123
P
22,493,965,623
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Suncity Group Holdings Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:24:07 UTC.
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