Wednesday, February 7, 2018

Atok-Big Wedge Co., Inc. (AB)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Atok-Big Wedge Co., Inc. (AB)
Sector
Mining and Oil
Incorporation Date
Aug 27, 1931
Subsector
Mining
Number of employees
 5 (Group Total)
Board of Directors
Chairman: Roberto V. Ongpin
Other Directors: Eric O. Recto, Walter W. Brown, Gregorio Ma. Araneta III
Website / E-mail
http://www.atokbigwedge.com / gherrera@aranetagroup.com
2. Stock Information
Total Assets
649,725,421
Market Capitalization
40,669,100,000.00
Total Liabilities
2,441,067
Outstanding Shares
2,545,000,000
Retained Earnings
-515,649,338
Listed Shares
953,963,474
Listing Date
Jan 08, 1948
Issued Shares
2,545,000,000
Board Lot
100
Free Float Level (%)
10.25%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Boerstar Corporation
North Kitanglad Agricultural Co., Inc
PCD Nominee Corporation(FILIPINO, NON-FILIPINO)
69.75%
12.14%
08.34%
4. Company Descriptions and Business Development
Notes
1. Roberto v. Ongpin is the chairman of Alphal and Balesin Island Club, Inc.
2. Eric O. Rctro is the chairman of ISM Communications corp.(ISM, a listed company), Philippine Bank of Communication (PBC, a listed company)
3. Anna Bettina Ongpin is the daughter of Roberto Ongpin. Rector and Valdes are nephews of Ongpin.
4. NKACL holds another 200M shares through PCD.(total 20% stake)
Overview
It is engaging in exploration and development of mining, oil, gas, and other natural resources. Its application for exploration permit of 3,375 hectares in Agusan Del Norte is still pending and gas exploration is also on hold status.


Business
No revenue generating activities as of 2017.

Subsidiaries / Associates / Affiliates / Joint Ventures
AB Stock Transfers Corporation
Tidemark Holdings Limited (THL) holds 27.14% of gas and oil exploration and production company Forum Energy plc. (Forum). Forum holds around 70% stake of SC 72.

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