Update on Chilean Operations
Eco Buildings Group PLC addressed investor inquiries regarding its Chilean operations, clarifying its adherence to Chile's regulated social housing framework. The company collaborates with E.P. Solhabit Ltda., a licensed Entidades de Gestión Inmobiliaria Social (EGIS), which designates qualifying recipient families and oversees compliance with national housing policy requirements. Eco Buildings provides advanced modular housing technology and construction expertise. The company is in discussions with over 370 additional licensed EGIS entities, reflecting growing demand for its building systems. These arrangements align with Government legislation Resolution 1439 Exenta under the New Housing Policy of the Chilean Government.
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Eco Buildings Group plc ("Eco Buildings" or the "Company"), the AIM-quoted designer, manufacturer and builder of advanced modular housing systems, issues the following clarification in response to recent investor enquiries and online commentary regarding its operations in Chile.
As part of Chile's regulated social housing framework, all projects are administered through licensed entities known as Entidades de Gestión Inmobiliaria Social (EGIS), officially accredited Social Housing Management Organisations that act as the primary interface between government programmes and private sector delivery partners.
Eco Buildings' agreement in Chile is with E.P. Solhabit Ltda., a fully licensed and accredited EGIS authorised to participate in Chile's national social housing programme. Under this framework, Solhabit designates the qualifying recipient families and oversees compliance with national housing policy requirements, while Eco provides its advanced modular housing technology and construction expertise.
The Company confirms that its collaboration with Solhabit is fully consistent with Chilean administrative procedures and housing legislation. Eco Buildings is also in active and extensive discussions with several additional licensed EGIS entities, reflecting the substantial and growing demand for the Company's innovative, high-tech, and energy-efficient building systems. There are in excess of 370 licenced EGIS organisations in Chile.
These arrangements are set out in the Government legislation : Resolution 1439 Exenta under the New Housing Policy of the Chilean Government
Eco Buildings continues to progress these opportunities in a structured and transparent manner, ensuring that each partnership meets both local regulatory standards and the Company's own governance requirements.
Further updates will be provided as developments occur.
For context, investors can refer to the publicly available documentation outlining the EGIS framework within Chile's national social housing programme. Please use the following link:
About Reach announcements
Eco Buildings has already secured two sales contracts with major construction companies, one in Albania, the other in Kosovo, which are expected to generate gross sales revenue of approximately up to €38 million in total per annum over the first three years (approximately €114 million in total) following Admission.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.