Quasi-re­or­ga­ni­za­tion: What is this all about?

Manila Times - - BUSINESS TIMES - EMETERIO Sd. PEREZ

VITARICH Corp., ac­cord­ing to the com­pany’s gen­eral in­for­ma­tion sheet (GIS) of 2017, has an au­tho­rized cap­i­tal stock of 3.5 bil­lion com­mon shares, of which 2.786 bil­lion are out­stand­ing. The com­mon shares have a par value of P1 each.

Of Vitarich’s 4,223 stock­hold­ers, 4,205 are Filipinos, who own 2.515 bil­lion com­mon shares, or 90.241 per­cent, while 18 are for­eign­ers, who hold 271.937 mil­lion com­mon shares, or 9.759 per­cent.

As of Dec. 31, 2016, Vitarich and its sub­sidiaries had “823 em­ploy­ees, com­posed of su­per­vi­sors, man­agers, ex­ec­u­tives and rank- to­tal, 441 were reg­u­lar and 382 were con­trac­tual.

of Vitarich, ac­cord­ing to the GIS, are union­ized un­der the Vitarich Cor­po­ra­tion Em­ploy­ees/Work­ers Union Chap­ter of the Fed­er­a­tion of Free Work­ers. The com­pany’s col­lec­tive bar­gain­ing agree­ment with the union took ef­fect on Aug. 1, 2015 and will end on July 31, 2020.

As of June 30, 2017, Vitarich re­ported in down from P2.417 bil­lion as of Dec. 31,

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