Friday, February 9, 2018

Ever-Gotesco Resources and Holdings, Inc. (EVER)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Ever-Gotesco Resources and Holdings, Inc. (EVER)
Sector
Property
Incorporation Date
Sep 27, 1994
Subsector
Property
Number of employees
32 (Group Total)
Board of Directors
Chairman: Jose C. Go
Website / E-mail
2. Stock Information
Total Assets
4,070,846,859
Market Capitalization
730,000,000.00
Total Liabilities
1,399,700,712
Outstanding Shares
5,000,000,000
Retained Earnings
-2,329,701,605
Listed Shares
5,000,000,000
Listing Date
Sep 16, 1996
Issued Shares
5,000,000,000
Board Lot
10,000
Free Float Level (%)
37.12%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
CONSOLIDATED VENTURES, INC.
PCD NOMINEE CORPORATION (FILIPINO)
GOTESCO PROPERTIES, INC.
JOSE C. GO
31.84%
26.57%
21.38%
04.56%
4. Company Descriptions and Business Development
Notes
1. Mr. Joel T. Go and Jonathan T. Go are the sons of Mr. Jose C. Go.
Overview
EVER is engaged in building shopping malls and leasing them out to commercial tenants. The Company operates two malls, namely, the Ever Gotesco Commonwealth Center and the Ever Gotesco Ortigas Complex (EGOC). EGOC was foreclosed and sold in public auction to Philippine National Bank in July 1999. The Company failed to redeem the property within the one-year grace period but still is in possession and continues to manage EGOC by virtue of the right of preliminary injunction. It plans to look at other business opportunities outside of mall operations.


Business
It recorded P313 millions of revenue with P32 millions of net income in 2016.

Subsidiaries / Associates / Affiliates / Joint Ventures
 Gotesco Properties, Inc.

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