SEC Form 17-A: Annual Report - the solid group inc website

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The above lease contracts are renewable upon mutual agreement of the parties.
Also, the Company through its subsidiaries, primarily Solid Manila Corporation and Kita
Corporation, leases out to tenants certain real estate properties as summarized below. These
leases are renewable on terms mutually acceptable to the parties.
Location
Annual Rent
(In Thousand Pesos)
Expiration Date
Bacoor, Cavite 4,159 July 31, 2013
Balintawak, Quezon City 21,894 Various up to September, 2015
Cagayan de Oro 1,842 Various up to January 31, 2016
Chino Roces Ave, Makati City 13,548 Various up to July 6, 2019
Clark, Pampanga 28,577 Various up to June 15, 2013
Iloilo 1,621 Various up to September 14, 2013
Laguna International Industrial
Park, Binan, Laguna
Laguna International Industrial
Park, Binan, Laguna
40,462 Various up to June 30, 2017
3,375 April 30, 2013
La Huerta, Bicutan, Paranaque 5,810 Various up to March 31,2014
Ermita, Manila 7,983 Various up to February 2016
Ermita, Manila 4,761 Various up to December 14, 2017
San Dionisio, Paranaque City 1,175 February 14, 2013
Properties the Company intends to acquire in the next twelve months
The Company estimates capital expenditures for the year 2013 to amount to P500 million for
various real estate development and/ or renovation of Solid House Building. The purchase and/or
construction of these capital expenditures will be financed primarily through the funds of the
Company.
Item 3. Legal Proceedings
C. Legal Proceedings
As discussed Item 2 (See Properties), certain subsidiaries of the Company are involved in
litigation or other proceedings affecting their respective titles to real estate property and certain
other litigation in relation to property, the outcome of which could individually or taken as a
whole, not adversely affect the financial results, operations or prospects of the Company. The