Synergy Grid & Development Phils., Inc. (SGP)

This posting may contain out of date contents.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	Synergy Grid & Development Phils., Inc. (SGP)
Sector	Holding Firms		Incorporation Date		Jun 01, 1970
Subsector	Holding Firms		Number of employees		(Group Total)
Board of Directors	Chairman: Henry Sy, Jr., Director: Robert G. Coyiuto, Jr.
Website / E-mail	lsmagpantay@crc.com.ph
2. Stock Information
Total Assets	7,924,925	Market Capitalization		8,903,880,000.00
Total Liabilities	108,396	Outstanding Shares		49,466,000
Retained Earnings	-41,649,471	Listed Shares		49,465,998
Listing Date	May 10, 1972	Issued Shares		49,466,000
Board Lot	10	Free Float Level (%)		12.49%
Par Value	1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
Henry Sy, Jr. East Fleming Holdings Corp.				44% 43%
4. Company Descriptions and Business Development
Notes 1. Henry Sy, Jr. is the chairman of SMPH, Monte Oro Grid Resources Corp., Natioanal Grid Corporation of the Philippines (NGCP), Pico de Loro Beach 7 Country Club and vice chairman of SM. 2. Robert G. Coyiuto, Jr. is the chairman of Calaca High Power Corporation, Prudential Guarantee & Assurance, Inc., PGA Cars, Inc and vice chairman of NGCP.
Overview In 2011, it changed the primary purpose to engage in power, energy, utilities, infrastructure and allied businesses. In January 2015, the Company entered into a Shared Services Agreement with Monte Oro Grid Resources Corporation (MOGRC) and Calaca High Power Corporation (CHPC) for a period of three years. It’s renewed in 2017. MOGRC and CHPC are the major shareholders of National Grip Corporation of the Philippines (NGCP) which operates national grid. Business Revenue contribution in 2016 Management income 7,200,000 100% SGI receives P300,000 monthly from the 2 companies. Subsidiaries / Associates / Affiliates / Joint Ventures