Acquisition of a Financial Plan company almost complete

Every Juan must have complete Holy Gardens memorial package

Rizal Philippines
August 6, 2016

We are almost done in having the acquisition of a financial plan company almost complete.

The product plan has been approved at IC  We anticipate that by next week, the license for the revival of the said financial plan company will be complete by next week.  We have paid for the registration of the securities for P50 million worth of memorial plans.   It is a matter of paying the license fee for an equivalent amount next week.

It has taken us almost too years to complete the deal writing letters to IC negotiation, audit, complying with IC, writing the MoA,  making the escrow for the deal etc. consultation with lawyers.

The next step will be organizing the MP company, recruiting the agents, setting up the system,  training and then selling the memorial plans

So the estimated timeline is August approval, September recruitment setting up of systems, hiring, and October start of operations.