Company: YDDL
Filing Date: 2025-10-09
Form Type: 424B4
Source: 0001213900-25-097758
Chunk: 89

Company: One & one Green Technologies. INC
Filing Date: 2025-10-09
Form: 424B4
Chunk 89
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 of the capital stock outstanding and entitled to vote is owned and held by such foreign national, engaged in retail trade. Foreign -ownedpartnerships, associations and corporation, upon registration with the SEC; on in case of foreign -ownedsingle proprietorships, upon registration with the Department of Trade and Industry (DTI), may engage or invest in retail trade, under the following conditions: •A foreign retailer shall have minimum paid -upcapital of PhP25 million; •The foreign retailer’s country of origin provides for reciprocity to Filipinos. Foreign Investments Act of 1991 Republic Act No. 7042, otherwise known as the Foreign Investments Act of 1991 (“ Foreign Investments Act”), liberalized the entry of foreign investment into the Philippines. As a general rule, there are no restrictions on extent of foreign ownership of export enterprises. In domestic market enterprises, foreigners can invest as much 62 as one hundred percent (100%) equity except in areas included in the Foreign Investment Negative List. The latest Foreign Investment Negative List (Twelfth) maintains the prohibition of foreign equity for retail trade enterprises with paid -upcapital of less than PhP25 million under R.A. 11595, amending R.A. 8762. For the purpose of complying with nationality laws, the term “Philippine National” is defined under the Foreign Investments Act as any of the following: •a citizen of the Philippines; •a domestic partnership or association wholly owned by citizens of the Philippines; •a corporation organized under the laws of the Philippines of which at least 60% of the capital stock outstanding and entitled to vote is owned and held by citizens of the Philippines; •a corporation organized abroad and registered to do business in the Philippines under the Revised Corporation Code of the Philippines, of which 100% of the capital stock outstanding and entitled to vote is wholly owned by Filipinos; or •a trustee of funds for pension or other employee retirement or separation benefits, where the trustee is a Philippine National and at least 60% of the fund will accrue to the benefit of Philippine Nationals. For as long as the percentage of Filipino ownership of the capital stock of the corporation is at least 60% of the total shares outstanding and voting, the corporation shall be considered as a 100% Filipino -ownedcorporation. Registration of Foreign Investments and Exchange Controls Under current BSP regulations, an investment in Philippine securities must be registered with the BSP if the foreign exchange needed to service the repatriation of capital and/or the remittance of dividends