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UPDATES/STATUS
Chowking One Mango in Cebu City, officially opened last Sept. 8, 2010. It was a well attended opening date with no less than Francisco Colayco, KsK Coop Chairman and other members of the KsK Coop Board of Directors base in Hong Kong gracing the event; Michael Vincent Benares and Federico "Tita Keri" Paragas.
From the un-audited gross sales report submitted by KMP Foods President, Tata Balbuena, average gross sales a day for September is PhP48,427 and PhP49, 916 average gross sales a day for October 2010. September and October gross sales are all coming from direct counter sales.
THE RURAL BANK OF CAVITE CITY, INC.
KsK Coop acquired ownership of Rural Bank of Cavite City in March 2010.
Rural Bank of Cavite City was established in October 1956 from the Alegre Family.
KsK Coop has since got approval for change of name to One Wealthy Nation Bank; The Rural Bank of Cavite City (OWN-RBCC Bank)
It also has got an approval for increase of authorized capital of PhP100M.
KsK Coop Members Co-Owning OWN-RBCC Bank
KsK Coop individual members are encouraged to directly participate in co-owning OWN-RBCC together with KsK Coop as a whole.
Rural Bank of Cavite City was established in October 1956 from the Alegre Family.
KsK Coop has since got approval for change of name to One Wealthy Nation Bank; The Rural Bank of Cavite City (OWN-RBCC Bank)
It also has got an approval for increase of authorized capital of PhP100M.
KsK Coop Members Co-Owning OWN-RBCC Bank
KsK Coop individual members are encouraged to directly participate in co-owning OWN-RBCC together with KsK Coop as a whole.
LED BILLBOARD PROJECT UPDATE AS OF OCT 5, 2011
KsK Coop entered into a joint venture with Power Multimedia Corp to co-own a LED Billboard that was installed in Atherton Place, Tomas Morato corner ROces Avenue, Quezon City.
KsK Coop contributed a total of PhP1,500,000.00 in the joint venture.
- PhP 1,060,464 came directly from 79 KsK Coop members directly participating in the LED
- Billboard Project; balance ofPhP439,536 was contributed by KsK Coop.
Projected returns:
- Conservative: 2 years = 50% a year after two years of ROfI
- Moderate: 1 year = 100% a year after one year of ROfI
- Aggressive: 6 months = 200% a year after 6 months of ROfI