According to the vendors, the address provided by MMLC, Unit 2018 Mayfair tower United Nations Avenue corner Mabini street in Ermita, is 'non-existent' according to a certification from the project manager of Mayfair tower condominium corporation.
Baviera sent the Manila Bulletin a copy of the MMLC letter to the SEC dated July 30, 2015 informing the latter about the typographical error on its address that was typed as Unit 2018 instead of Unit 2108 Mayfair Tower UN Avenue corner Mabini Street Ermita, Manila.
The JVA was also executed in haste, she said, noting that MMLC has no track record, much less, adequate record of experience in the concerned industry and does not have the ability and financial base for such an undertaking.
Signed June 15, the JVA allows MMLC to renovate and manage the market for 25 years.
Furthermore, the articles of incorporation of MMLC
, its paid up capital was P3.