Friday, February 9, 2018

Forum Pacific, Inc. (FPI)

This posting may contain out of date contents.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
Forum Pacific, Inc. (FPI)
Sector
Holding Firms
Incorporation Date
Jan 08, 1993
Subsector
Holding Firms
Number of employees
 (Group Total)
Board of Directors
Chairman: Peter S. Salud
Directors:  Kenneth T. Gatchalian
Website / E-mail
feiexplo@mozcom.com
2. Stock Information
Total Assets
364,345,691
Market Capitalization
358,593,932.97
Total Liabilities
4,153,231
Outstanding Shares
1,838,943,246
Retained Earnings
-827,608,294
Listed Shares
1,500,000,000
Listing Date
Dec 19, 1994
Issued Shares
1,874,999,996
Board Lot
10,000
Free Float Level (%)
52.45%
Par Value
1.00
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
International Polymer Corp
PCD Nominee Corp.
The Wellex Group, Inc
26.50%
22.08%
20.10%
4. Company Descriptions and Business Development
Notes
1. Related companies: WIN, FPH and WPI, PHES
2. International Polymer Corp is controlled by Gatchalian Family.
3. Ms. Elvira A. Ting, the Vice Chairman/Director, is the aunt of Mr. Kenneth T. Gatchalian, the Treasurer/Director
Overview
It previously operated a coal mine, Forum Cebu Coal Corporation (FCCC), but liquidated the business.


Business
It is now studying on renewable energy business. Its only business involvement for now is the investment to FEI. It is currently on talks with three (3) different companies for the negotiation of the possible sale of FEI stakes.

Subsidiaries / Associates / Affiliates / Joint Ventures
Forum Exploration, Inc. (FEI, 33.33%) is a subsidiary of Pangilinan-led Forum Energy Plc.

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