Friday, February 9, 2018

IRC Properties, Inc. (IRC)

This posting may contain out of date contents.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
IRC Properties, Inc. (IRC)
Sector
Property
Incorporation Date
Feb 24, 1975
Subsector
Property
Number of employees
 (Group Total)
Board of Directors
Chairman: Esteban G. Peña Sy
Website / E-mail
http://www.interportresources.com / admin@interportresources.com
2. Stock Information
Total Assets
3,645,234,192
Market Capitalization
968,793,193.72
Total Liabilities
1,713,016,255
Outstanding Shares
1,327,113,964
Retained Earnings
474,232,916
Listed Shares
808,621,979
Listing Date
Feb 27, 1978
Issued Shares
1,327,113,978
Board Lot
1,000
Free Float Level (%)
32.61%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
T&M Holdings, Inc. (THI)
Sigma Epsilon Fund Ltd.
Sigma Epsilon Fund Ltd.
24.33%
15.07%
12.80%
4. Company Descriptions and Business Development
Notes
1. Mr. Alexander G. Asuncion and Ms. Georgina A. Monsod are first degree cousins.
2. Mr. Esteban Peña Sy is the beneficial owner of T&M Holdings, Inc. THI is a wholly owned subsidiary of Mabuhay Holdings Corp. (MHC, a listed company) Mabuhay is directly/indirectly owns 28.44%.
Overview
The clearing of the Company’s Binangonan property is still the focus of the Company’s operations with the goal of completely freeing from third party claims 500 hectares of the 2,200-hectare property. It is developing and selling part of the cleared properties.


Business
The company’s total sales for the year ended 2016 amounted to P122,063,855 with the Php73 million net income.

Subsidiaries / Associates / Affiliates / Joint Ventures
Interport Development Corporation (IDC)

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MARKET ISSUES

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