L’Hirondelle and BBB Management are PTFC’s principal stockholders
PTFC Redevelopment Corp., according to the website of the Philippine Stock Exchange (PSE), has 35 million common shares, which, it said, are all listed and makes them publicly traded. In its preliminary information statement (PIS), the company said it will meet its stockholders in an annual meeting on Jan. 28, 2021. (PTFC stands for Philippine Tobacco Flue-Curing & Redrying Corp., apparently its former corporate name.)
The company’s compensation filing, which, PTFC said is among the entries in its PIS, has only three highest paid officers, not five, namely, Bienvenido A. Tan 3rd, chairman, president and director; Ignacio Luis P. Tan, vice president for operation; and Albert C. Eufemio, vice president, treasurer, investor relations officer and director of the corporation. The three were paid as follows: 2019: salary, P1.925 million; bonus, P9,000; and other pays and perks, P175,000; for 2020: salary, P1.827 million; and bonus, P267,000. In 2021, the company estimated the same as their salary, bonus and other pays and perks in 2020.
“All other officers and directors as a group unnamed” were paid other annual pays and perks of P700,000 in 2019; P650,000 in 2020; and P700,000 estimated in 2021.
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PTFC Redevelopment listed two principal/substantial stockholders in its public ownership report (POR) as of Sept. 30, 2020. They were L’Hirondelle Holdings Inc., 11.935 million common shares or 34.10 percent of 35 million outstanding common shares; and BBB Management Inc., 3.5 million common shares or 10 percent.
The company’s nine directors combined for a total of 170,660 PTFC common shares: Emmeline S. Huang, 102,050 shares; Leo G. Dominguez, 20,270 shares; Alonzo
Q. Ancheta, 20,170 shares; Tan, 15,698 shares; Adrian P. Juanegro, 3,539 shares; Consuelo N. Padilla, 2,500 shares; Eufemio, 2,263 shares; Rafael G. Dominguez, 1,170 shares; and Ariel R. Arriola, 1,000 shares and 2,000 shares (indirect).
The public stockholders were credited with 19,391,662 PTFC common shares or 55.40 percent, making them the company’s majority stockholder, according to the company’s POR.
PTFC Redevelopment peaked at a 30-day high of P49.45 on Jan. 20, 2020 when it opened and closed at P49.45.
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In a 2020 general information sheet, MIJC Investments Corp. showed it has an authorized capital stock at 5 billion common shares with par value of P1 per share. It had 411 stockholders who owned 3,174,405,821 common shares, which were outstanding. Of 411 stockholders, Filipinos held 3,173,286,318 common shares or 99.965 percent, and 14 foreigners with 1,119,503 common shares or 0.035 percent.
MIJC’s alien stockholders were as follows: one American, 16,780 common shares; one Chinese, 15,273 common shares; one British, 200 common shares; and six Swiss, 6,800 common shares. “Others”, referring to foreigners totalled five who held 1,080,450 common shares or 0.620 percent.
According to the GIS, Manila Jockey Club Inc. is MIJC’s Filipino stockholder as holder of 708,160,137 common shares or 22.308 percent; One Wisteria Loop Holdings Inc. was at number three with 145 million common shares or 4.568 percent; Mulberry Orchid Holdings Inc., 140 million common shares or 4.410 percent; and EastBonham Holdings Inc., 4.4103 percent. PCD Nominee Corp. was MIJC’s number two stockholder as record holder for Filipinos of 439,075,771 common shares or 13.832 percent. Others, numbering 413 stockholders, held 1,395,852 common shares or 0.044 percent.
***** Businessman Lucio Tan owns
Victorias Milling Co. Inc. (VMC). Minnie O. Chua, president and chief operating officer, is one of four highest-paid executives along with Kristine D. Cabuguason, chief finance officer and creditor-appointed controller; Eva A. VicencioRodriguez, chief administrative officer; and Linley A. Retirado, chief manufacturing officer.
The four were paid salary of P13.3 million in 2019; P9.5 million in 2020; and an estimated P9.5 million in 2021. In addition, they received bonus and other compensation of P4.5 million in 2019; P5 million in 2020; and an estimated P6 million in 2021. In its note to the filing, VMC said “there are no other executive officers apart from president/COO, the CMO, the CFO-Creditor appointed and CAO.”
Victorias peaked at a 30-day high of P2.57 on Dec. 21, 2020 when it opened at session high of P2.50, dropped to its low of P2.47 and closed at P2.47. It fell to a 30-day low of P2.19 on Nov. 9, 2020 when it opened and closed at P2.19.
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BDO Unibank Inc. 515 million preferred shares, which the family of the late Henry Sy Sr. votes during the bank’s annual stockholders’ meeting. The preferred stock represents 51.5 percent of BDO’s 1 billion preferred shares.
The analysis was lifted from BDO’s 2020 general information sheet (GIS) the bank filed on Jan. 6, 2021. As updated, the filing also showed BDO’s outstanding capital stock of 4,384,227,915 common shares or 79.713 percent of the bank’s authorized capital stock (ACS) of 5.5 billion common shares.
The PSE website listed BDO with 4,384,227,915 outstanding common shares, which is the same listed in its GIS.
BDO peaked ata 30-day high of P115.40 on Dec. 16, 2020 when it opened at P114.50, dropped to P112.60 and closed at 30-day and session high of P115.40. It fell to a 30-day low of P97.15 on Nov. 19, 2020 when it opened trading at P97.95, hit a high of P100.80 and closed at P99.
Is VMC surging? Just asking.