Friday, February 9, 2018

MJC Investments Corporation (MJIC)

This posting may contain out of date contents.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
MJC Investments Corporation (MJIC)
Sector
Holding Firms
Incorporation Date
Jun 15, 1955
Subsector
Holding Firms
Number of employees
 (Group Total)
Board of Directors
Chairman: Alfonso R. Reyno, Jr.
Website / E-mail
2. Stock Information
Total Assets
6,477,673,103
Market Capitalization
12,380,182,701.90
Total Liabilities
4,518,780,512
Outstanding Shares
3,174,405,821
Retained Earnings
-1,215,513,230
Listed Shares
3,174,405,821
Listing Date
Nov 11, 1955
Issued Shares
3,174,405,821
Board Lot
1,000
Free Float Level (%)
50.80%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
HK INVESTORS (thru their Philippine Affiliates
Manila Jockey Club, Inc
48.78 %
22.31 %
4. Company Descriptions and Business Development
Notes
1. Alfonso V.G. Reyno III is the son of Alfonso R. Reyno, Jr.
Overview
It was a mining company but eventually it became a holding company.  It acquired from Manila Jockey Club, Inc. (MJC) a 7,510 square meters lot in Manila where the Hotel and Entertainment Complex is being constructed. In 2016, it opened the ground floor gaming and Winford Hotel and Casino (128 rooms).


Business
It started generating revenues in 2016 from its soft opening:
40% Share of PAGCOR Gaming operation (Php171 million)
It includes around P16 million bingo operation revenues handled by the hotel.
Hotel and food and beverage (28 million)
Others (21 million)

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

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