Universal Rightfield Property Holdings, Inc. (URPHI) is a Philippines-based company engaged in the business of real estate and a holding company of its subsidiaries, Universal Leisure Corporation, Orizontas Properties Management Corporation and Don manuel Development Corporation. The Company’s core business is to provide the residential and leisure related needs and wants of the middle and upper middle-income market. URPHI serves this market in two areas: residential condominiums and leisure developments.
Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 as Victoria Gold Mining Corporation to engage in the business of exploration of oil, petroleum and other mineral products. In June 1995, the corporate name was changed to its present name to mark the entry of the Alcantara Group. ACR’s primary purpose was consequently changed to that of an investment holding company with oil exploration as its secondary purpose. On October 10, 1996, ACR completed its reorganization through a series of stock swaps, and as a result, some of the Alcantara Group’s established businesses became majority or minority-owned subsidiaries of ACR.
MacroAsia Corporation (MAC) is engaged primarily in aviation-related businesses. It provides aircraft maintenance, repairs and overhaul services, charter flight services, airport ground handling services and in-flight catering services, and operates a special economic zone at the Ninoy Aquino International Airport. The Company has four operating subsidiaries: MacroAsia Eurest Catering Services, Inc. (MECS) (in-flight catering services); MacroAsia-Menzies Airport Services Corporation (MASCORP) (ground handling and aviation services); MacroAsia Air Taxi Services, Inc. (MAATS) (helicopter chartering), and MacroAsia Properties Development Corporation (MAPDC) (economic zone development/operation). On June 28, 2006, MAC acquired the 13% minority interest of Compass Group International B.V. in MECS, increasing the Company’s ownership in MECS from 67% to 80%. During the year ended December 31, 2006, the Company acquired MASCORP’s 100% ownership in Airport Specialists’ Services Corporation.
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Tanduay Holdings, Inc., through its wholly owned subsidiary, Tanduay Distillers, Inc. (TDI), operates, conducts and maintains the business of manufacturing, compounding, bottling, importing, exporting, buying, selling or otherwise dealing in, at wholesale and retail such goods as spirit beverages, liquor products, and any and all equipment, materials, supplies used and/or employed in or related to the manufacture of such finished goods. TDI produces distilled spirits consisting of rum, wine, gin and brandy. On September 13, 2006, the Company acquired 100% ownership interest in Unimark Investments (SPV-AMC) Corporation (Unimark). Unimark was organized primarily to engage in the purchase, retention, possession or in any other manner to acquire shares of stock, franchise, patents, bonds, mortgages, obligations, debts or credits of any person or entity legal constituted within and outside the Philippine Islands.
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Manila Water Company, Inc. is a Philippine company holding rights to provide water delivery, and sewerage and sanitation services under the terms of a 25-year concession agreement to approximately five million people in the East Zone, comprising a range of residential, commercial and industrial customers. During the year ended December 31, 2006, 77% of the Company’s revenues were generated from water delivery services. As of December 31, 2006, the Company supplied an average of 1,340 million liters per day (MLD) of water and distributed water to an estimated customer population of five million in the East Zone through approximately 892,000 households through 541,000 water service connections. The Company also manages and operates the sewerage system that covers a portion of its service area, as well as provides sanitation services, including desludging of septic tanks, to its customers in the East Zone.
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Paxys, Inc. (Paxys) is a holding company, which focuses on investments in the business process outsourcing (BPO) industry within the Asia Pacific region. The Company’s subsidiaries are engaged in diversified services, such as contact center, data transcription, salary packaging and software solutions. To diversify the Company’s business, the Company through its wholly owned subsidiary, Paxys Australia Pty Ltd (PAU), acquired SmartSalary Pty Ltd. (SmartSal) on June 5, 2006. On October 19, 2006, the Company signed a joint venture agreement with Stellar Holdings, Inc. (SHI), a wholly owned subsidiary of J-Telecom Interest, Inc. (J-Tel). J-Tel is a United States company, which provides business solutions services across a range of industries in Australia, Canada and Europe.
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