SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
30 July 2021
Date of Report (Date of earliest event reported)
2. SEC Identification Number AS092-00589
3. BIR Tax Identification No. 001-817-292
4, Greenergy Holdings Incorporated
Exact name of issuer as specified in its charter
5. Philippines 6. (SEC Use Only)
Province, country or other jurisdiction of Industry Classification Code
incorporation
7. 54 National Road, Dampol II-A, Pulilan, Bulacan 3005
Address of principal office Postal Code
8. (02) 8997-5184
Issuer's telephone number, including area code
9. Not Applicable
Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the
RSA
Title of Each Class Number of Shares of Common Stock
Outstanding and Amount of Debt
Outstanding
Common Shares 1,800,778,573
Preferred Shares 7,000,000,000
11, Indicate the item numbers reported herei
Item 9. Other events
Greenergy Holdings Incorporated (the “Company”) is pleased to inform the investing public
that in the meeting of the Board of Directors (the “Board” held today, the Board approved:
a. The authority of the Company to enter into a Share Purchase Agreement with ABS-CBN
Corporation (“ABS-CBN") for: (i) the investment of the Company in U-Pay Digital Technologies,
Inc. (“U-Pay”) through the acquisition from ABS-CEN of 51,000,000 shares of stack of U-Pay
SEC Form 17-C
December 2003(the “Subject Shares”) with a par value of Php1.00 per share, at a price of its total par value
of Php51,000,000.00 (the “Purchase Price”), which would result in the Company owning 51%
of the outstanding capital stock of U-Pay; and (ii) payment of additional consideration of
Php3,000,000.00 for disbursement of fees and charges due on U-Pay’s governmental permits
and licenses, reimbursement for the pre-operating expenses advanced by ABS-CBN to U-
Pay and assignment to U-Pay of ABS-CBN’s rights and interests to the marks and all other
intellectual property rights created and developed by ABS-CBN (the “Transaction”);
b The authority of the Company to enter into a Shareholders’ Agreement with the
existing shareholder of U:Pay, iBayad Online Ventures Incorporated, which will govern the
relationship between the said corporation and the Company as shareholders of U-Pay; and
on The ratification of the Memorandum of Agreement between the Company and DITO
Telecommunity Corporation dated 23 July 2021, the execution of which was previously
disclosed on even date.
‘The Company is further pleased to inform the investing public that the above-mentioned Share
Purchase Agreement was executed by the Company and ABS-CBN today. The closing date of
the Transaction shall be subject to the completion of certain conditions precedent to closing,
including the issuance by the Bangko Sentral ng Pilipinas (BSP) of a letter of no objection to
the acquisition of the Subject Shares by the Company, which shall not be later than 30
September 2021.
U-Pay is a fintech company engaged in the business of customer and merchant e-wallet/e-
money services and other related services, operating a platform therefor, as well as
advertising, producing, distributing, and marketing products and services that are connected
to the operations of said business. It has a Type “C” E-Money Issuer license issued by BSP and
duly registered to operate as a Remittance and Transfer Company.
SIGNATURE
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 hereunto duly authorized.
GREENERGY HOLDINGS INCORPORATED 30 July 2024
Issuer Date
Compliance Officer
SEC Form 17-C
December 2003