Friday, February 9, 2018

Golden Haven, Inc. (HVN)

This posting may contain out of date contents.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
Golden Haven, Inc. (HVN)
Sector
Services
Incorporation Date
16-NOV-1982
Subsector
Other Services
Number of employees
98 (Group Total)
Board of Directors
Chairman: Manuel B. Villar
Website / E-mail
https://www.goldenhaven.com.ph / ir@goldenhaven.com.ph
2. Stock Information
Total Assets
3,250,413,000
Market Capitalization
8,963,294,152.86
Total Liabilities
1,767,726,000
Outstanding Shares
494,117,649
Retained Earnings
362,046,000
Listed Shares
494,117,649
Listing Date
Jun 29, 2016
Issued Shares
494,117,649
Board Lot
100
Free Float Level (%)
15.57%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Fine Properties, Inc.
83.39%
4. Company Descriptions and Business Development
Notes
1. Related companies: VLL, HVN and STR
2. Manuel B. Villar, Jr. and his spouse are the controlling shareholders of Fine Properties, Inc. (FPI). FPI holds 67.28% of VLL.
3. Cynthia Villar (wife of Manuel Villar) is a senator and the son Mark Villar is the DPWH secretary as of 2017.
Overview
It is a leading developer of memorial parks. Aside from the development and sale of memorial parks, the Company likewise develops, constructs and operates columbarium facilities. It is now operating 9 memorial parks and land-bank of 66.7-hectares for the future development. The Company has over 4,000 independent accredited agents organized into more than 150 sales networks.
Business
It recorded Php772 million in real estate (memorial lot) sales with the Php180 million net incomes.

Subsidiaries / Associates / Affiliates / Joint Ventures
Bria Homes Inc., acquired late 2017, will handle low-cost housing projects. It has around 27 projects under development as of 2017.

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MARKET ISSUES

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