Friday, February 9, 2018

Millennium Global Holdings, Inc. (MG)

This posting may contain out of date contents.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
Millennium Global Holdings, Inc. (MG)
Sector
Industrial
Incorporation Date
May 19, 1964
Subsector
Food, Beverage & Tobacco
Number of employees
250 (Group Total)
Board of Directors
Chairman: Yang Chi Jen (a.k.a. Michael Yang)
Website / E-mail
http://millennium-globalholdingsinc.com / info@millennium.globalholdingsinc.com
2. Stock Information
Total Assets
2,405,154,178
Market Capitalization
492,500,000.00
Total Liabilities
2,105,043,151
Outstanding Shares
2,500,000,000
Retained Earnings
-102,540,875
Listed Shares
1,869,684,619
Listing Date
Mar 01, 1976
Issued Shares
2,500,000,000
Board Lot
10,000
Free Float Level (%)
45.22%
Par Value
0.1
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
Yang Chi Jen (a.k.a. Michael Yang)
Conqueror Space Ltd.
35.04%
19.58%
4. Company Descriptions and Business Development
Notes
1. Yang Chi Jen (a.k.a. Michael Yang) is the son of Hsien-Tzu Yang.
Overview
MG, formerly IPVG Corp. (IPVG), sold all assets and liabilities to another private company IP Ventueres, Inc. (IPVI) and then changed the name to the current one.
Business
Revenue contribution in 2016 (in million pesos)
Japan
Korean
Taiwan
Hongkong
US
Others
320,972
172,403
226,714
236,627
185,748
477,658
19.81%
10.64%
13.99%
14.61%
11.47%
29.48%


Subsidiaries / Associates / Affiliates / Joint Ventures
Millennium Ocean Star Company (51%) is primarily engaged in the processing of high quality seafood and aquaculture products for export and trading of imported marine and other related products. It exports Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters and imports salmon, scallops, shrimps, etc.
Cebu Canning Corporation (51%) is engaged in the business of manufacturing, processing and dealing in pasteurized canned crabmeat, frozen marine products and other food products for export purposes. The raw crab meat which is the main material used in the business is locally sourced by C3.

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