Belle Corporation (BEL)

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1. Company Information
Company Name	Belle Corporation (BEL)
Sector	Property		Incorporation Date	Aug 20, 1973
Subsector	Property		Number of employees	138 (Group Total)
Board of Directors	Chairman: Jose T. Sio, Vice Chairman: Willy N. Ocier
Website / E-mail	http://www.bellecorp.com / info@bellecorp.com
2. Stock Information
Total Assets	42,381,644,000	Market Capitalization		38,425,168,276.62
Total Liabilities	13,026,524,000	Outstanding Shares		10,498,679,857
Retained Earnings	7,493,953,000	Listed Shares		10,498,679,857
Listing Date	Feb 02, 1977	Issued Shares		10,498,679,857
Board Lot	1,000	Free Float Level (%)		43.42%
Par Value	1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
BELLESHARES HOLDINGS, INC. PCD NOMINEE CORPORATION (NON-FILIPINO) PCD NOMINEE CORPORATION (FILIPINO) SYSMART CORPORATION SM DEVELOPMENT CORPORATION SYBASE EQUITY INVESTMENTS CORPORATION				24.66% 20.14% 16.86% 15.42% 06.96% 05.03%
4. Company Descriptions and Business Development
Notes 1.  It’s a Sy Family (SM Group)’s another property/gaming firm through other holding firms. 2. Benito Tan Guat, who was Chairman of the Company from 1999 until his death on June 8, 2016, is the father of Mr. Willy N. Ocier, Vice Chairman, and Ms. Nancy O. Hui, Vice President for Administration and Executive Assistant to the Chairman. 3. Related companies: BEL, PLC, LOTO, APC
Overview It shifted its principal activity from mining and oil exploration to property development and gaming. In 1989, Belle Resources developed a golf club named Tagaytay Highlands International Golf Club. BEL is the owner of the land and buildings in City of Dream. Business Revenue contribution per source in 2016 Interest income on finance lease(COD building) 2,003,000,000 27% Gaming revenue share 1,642,000,000 22% Equipment rental 1,579,000,000 22% Sale of real estate and club share 350,000,000 5% Commission and distribution income 308,000,000 4% Lease income 190,000,000 3% Revenue from property management 127,000,000 2% Intereset income 28,000,000 0% Gain on sale AFS financial assets 351,000,000 5% Gain on pretermination of ABLGI contract 634,000,000 9% Equity in net earnings of associates Other revenues 119,000,000 2% Real Estates  COD land and buildings, lease agreement with MRP   Tagaytay highlands Int’l Golf Club and Tagaytay Midlands Int’l Golf Club Gaming PLC(78.7%) holds 100% of PremiumLeisure & Amusement, Inc(PLAI)  PLAI holds 50.7% of Pacific Online Systems Corporation (LOTO) Other investments It holds 48.8% of APC Group, Inc (APC) and 1% of SM Prime Holdings, Inc.(SMPH) Subsidiaries / Associates / Affiliates / Joint Ventures Pacific Online Systems Corporation (LOTO) leases online betting equipment to the Philippine Charity Sweepstakes Office (PCSO) for their lottery operations. Belle’s subsidiary, Premium Leisure Corp., owned 50.7% of Pacific Online as of December 31, 2016. Premium Leisure Corporation (PLC) is the vehicle for gaming investment. It has PLAI (100%), LOTO stakes. It releases dividend at least 80% of its unrestricted retained earnings. PLAI has shares in City of Dreams Manila which is operated by MRP. PLAI is a grantee by PAGCOR of a license to operate integrated resorts in COD. Highlands Prime, Inc. develops Tagaytay highland/midland golf club, Fairfield, Lakeview heights, etc.