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Sep 6 2010
Sausage Fest
Mon, 09/06/2010

How do I know which class I should buy?

Submitted by admin on Fri, 10/30/2009 - 16:48
  • Class A shares may be sold to citizens of the Philippines, or to partnership, corporations or associations of which at least 60% of the outstanding capital stock entitled to vote is owned and controlled by citizens of the Philippines. Every holder of a Class A share shall have voting rights, exercisable in accordance with the provisions of the By-Laws of the Corporation.
  • Class B common shares may be sold to any individual, partnership, corporations or associations, irrespective of their nationality or citizenship. They are entitled to 1 club membership, but cannot be nominated and elected as one of the directors of the Company & shall have no voting rigths.
  • Class C common shares may be sold only to corporations, partnership or associations irrespective of their nationality. A holder shall be entitled to one(1) membership in the Club and shall have the rigth to assign one(1) playing right. Class C common shares shall have voting rights, exercisable in accordance with the provisions of the By-Laws of the Company.