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Frequently Asked Questions - Ownership / Shares
| At what period can a share holder discontinue or get his/her investment back? |
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| The earliest, you can sell your share to the fund after 5 years of operation, see timetable. |
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| How long will be the Agreement/Contract? |
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| 10 years, renewable for another 10 years if so voted by the shareholders. |
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| What happens before 5 years if dissatisfied? Will there be a payback? If so, what is the policy on payback? |
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Usually, business stabilizes after three years. These three years plus 2 years regular operation will reflect on the quality of management to achieve the objectives.
If the hotel does not return the projected 12% per year for the last three consecutive years, the management company might be replaced and the shareholders can demand their money back. |
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| If in case the shareholders have some ideas or strategies with sales & marketing, will it be possible to give some advice? |
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| We always learn from and listen to our customers. However, the hotel management is independent and result-oriented and reports to an Owner´s representative who is knowledgeable about hotel and asset management. |
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| For any decision making for the property, how will it work with different shareholders? |
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| The voting right of the shareholders is established in the articles of corporation and shareholders can exercise their rights at the annual shareholders meeting. |
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| How often can a shareholder receive reports on the property? |
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| Officially, every end of year during the annual shareholders meeting, however we aim to update the shareholder with periodical email newsletters. |
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| If in case the shareholder dies, who will have the power over his/her shares? |
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| His heirs, according to his last will or legal framework. |
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| Is it possible to pay the share in installments? |
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| No, it is a one time payment only. |
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| Is there a limitation of the shares to be issued for every shareholder? |
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| No limit, everybody can buy as many shares a he want. |
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| How many shares are being sold to the public? |
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| There are 300 shares, 290 preferred shares with privileges and 10 bearer shares with voting rights. |
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| When will the distribution of dividends start? |
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| At the end of the fiscal year 2009. |
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| What are the requirements to be a share holder? |
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| You have to be 21 years and older. |
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| What is the procedure for purchasing a share? |
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| Download the Registration Form and send it either by email or fax. Remit US$ 500 registration fee and we will send you the original contract and the share certificate. |
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| How long will it take to receive the share certificate? |
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| Each certificate is numbered, registered and authenticated by a lawyer and authorized by the Ras Al Khaimah Free Zone Authority, UAE. Depending on their workload and being three parties involved in the process, it might take up to 1-2 months from signing the contract until you hold the share certificate in your hand. |
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| Can the shares be held jointly or transferred? |
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| Shares can be transferred against a transfer fee of US$ 500 per transfer. |
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| Shares can be sold back to the issuer after 5 full calendar years of operation, if dissatisfied. If the contracts are renewed for another 10 years, how can I get out of this investment? |
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| You can sell / transfer the share on your own. |
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| What about the index price, if I sell after 10 years, do I get the value of the appreciation? |
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| Of course, this is one of the major benefits of our offer. |
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| What is the mode of dividend pay-out? |
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| To your account that you have registered with us upon registration. |
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Facts
- Unique Investment:
- Shared Ownership
- Share Price: US$10,000
- Location: Manoc-Manoc Boracay Island, Philippines
- Land Area: 2,135 m2
- 19 Rooms and Suites
- Restaurant & Bar
- Swimming Pool
- Staff Accommodation
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