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    1383   KYG8572D1135

SUNCITY GROUP HOLDINGS LIMITED

(1383)
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Delayed Hong Kong Stock Exchange  -  05/12 04:08:15 am EDT
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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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S.E.C. Registration Number

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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

_____________________________

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

  1. SUNTRUST HOME DEVELOPERS, INC.Exact name of issuer as specified in its charter
  2. Metro Manila, Philippines
    Province, Country, or other jurisdiction of incorporation or organization

6.

(SEC Use Only)

Industry Classification Code:

  1. 26th Floor, Alliance Global Tower, 36th Street corner 11th Avenue, Uptown Bonifacio, Taguig City 1634

Address of issuer's principal office

8. (632) 8 894-6300

Issuer's Telephone Number, including area code

  1. 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:

  1. 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 [ ]

  1. 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 Interim Financial 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

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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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Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 318 M 47,6 M 47,6 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 1 103
Free-Float 25,0%
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Managers and Directors
King Yan Chiu Chief Financial Officer & Secretary
Kam Fun Wu Independent Non-Executive Director
Kin Chuen Tou Independent Non-Executive Director
Wai Tung Lo Independent Non-Executive Director
Kai Bong Lo Executive Director