PPGCT has issued and outstanding One Thousand (1,000) shares of PPGCT Common Stock at 4,000,000 Riels each.
The issued and outstanding shares of PPGCT Common Stock constitute one hundred percent (100%) of the issued and outstanding capital stock of PPGCT.
All of the outstanding shares of PPGCT Common Stock have been duly authorized, are validly issued and outstanding, and are fully paid and non-assessable.
To the Knowledge of Kao, there is no Litigation pending or threatened before any court or by or before any governmental or regulatory authority or arbitrator (a) affecting PPGCT (as plaintiff or defendant) or (b) against PPGCT relating to PPGCT Common Stock or the transactions contemplated by this Agreement.
As of the date of this Agreement, the authorized capital stock of PPGCT is 4,000,000,000 Riels consisting of One Thousand (1,000) shares of PPGCT Common Stock at 4,000,000 Riels per share.