James Yap, baby James and Kris Aquino. File photo

MANILA, Philippines - King of Talk Boy Abunda, a close friend of Kris Aquino, revealed the actress and her former husband James Yap agreed on the division of their properties after their 5-year-marriage was annulled by the court.

"Yung pinag-uusapang separation of properties ito ay naganap one year before today. Nagkaroon na sila ng agreement na dalawa kung paano hahatiin ang properties approved by the court," Abunda said on Bandila, Thursday evening.

Abunda also shared that the "lack of authority of the solemnizing officer" was the reason why the marriage has been annulled.

As mandated by the family code, their only son James Yap Jr. or Bimby will be under the custody of Aquino. Bimby will still carry the surname Yap.

Yap, however, has been granted with visitation rights.

"Alam mo sabi ni Kris, she pays tribute to James na he's not greedy, fair ang kanilang pag-uusap. It doesn't call for celebration she pointed this out na kapag na-a-annul ang isang kasal hindi ito dahilan para magbunyi at mag-celebrate," says Abunda, who taped a one-on-one interview with Aquino for "The Buzz."

For his part, Abunda said that he's just happy that Aquino and Yap have remained good friends.

Aquino's tell-all on her marriage's annulment will be aired this Sunday on "The Buzz."

On Friday morning, Aquino publicly admitted that her marriage with Yap is finally over. Aquino and her sons Bimby and Joshua are on their way to Hong Kong Disneyland to celebrate her birthday. Aquino is celebrating her 41st birthday on February 14.