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PAL Holdings, Inc.
|PAL Holdings, Inc. (PAL) was originally incorporated on May 10, 1930 as Baguio Gold Mining Company. On September 23, 1996, the Securities and Exchange Commission (SEC) approved the change in the Company's name to Baguio Gold Holdings Corporation (BGHC) and the change in its primary purpose to that of a holding company. On January 19, 2007, the SEC approved another change in corporate name from BGHC to the present one.
The Company's subsidiaries are Philippine Airlines, Inc. (PAI) and PR Holdings, Inc. (PRHI). PAI is the national flag carrier of the Philippines and its principal activity is to provide air transportation for passengers and cargo within and outside the Philippines. As of December 31, 2015, PAI's route network covered 31 points in the Philippines and 38 international destinations.
PRHI was organized by a consortium of investors for the purpose of bidding for and acquiring the shares of stock of PA in accordance with the single-buyer requirement of the bidding guidelines set by the seller, the National Government of the Republic of the Philippines. PRHI acquired on March 25, 1992, 67% of the outstanding capital stock of PA.
Source: SEC Form 17-A (2015)
|Incorporation Date||May 10, 1930|
|Number of Directors||7|
|Stockholders' Meeting as per By-Laws||May - last Tuesday except holidays|
|Fiscal Year||12/31 (Month/Day)|
|External Auditor||SyCip, Gorres, Velayo & Company|
|Transfer Agent||Allied Banking Corporation|
|Business Address||8th Floor, PNB Financial Center, President Diosdado Macapagal Avenue, CCP Complex, Pasay City|
|Telephone Number||(02) 816-3451|
|Fax Number||(02) 869-8336|