Commission Decision No. 08-M-006/2019:
In the Matter of the Proposed Acquisition by League One, Inc. of Assets
of Alphaland Southgate Tower One, Inc.
[MAO Case No. M-2019-006]
The proposed transaction is the acquisition of the Alphaland Southgate Tower property for an agreed price of Php5 Billion.
The seller is Alphaland Southgate Tower, Inc., a domestic corporation primarily engaged in real estate development. The buyer, on the other hand, is League One, Inc., a domestic corporation engaged in investing, developing, transferring and disposing real and personal properties.
The Subject Property is composed of:
1. Two adjoining parcels of land with a total area of 9,497 square meters located at Pasong Tamo Ext. cor. EDSA, Makati City and registered in the name of Alphaland Corporation.
2. A 19-storey building situated in the said parcels of land with a total floor area of 76,976 square meters
3. Various Machinery installed/situated in the building.
Considering that subject of the present acquisition is land and building, League One, Inc. will not acquire control nor become a shareholder of Alphaland Southgate Tower.