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PAL Holdings, Inc.

Company Description
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 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 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, 2016, PAI's route network covered 32 points in the Philippines and 42 international destinations.

PRHI was organized by a consortium of investors for the purpose of bidding for and acquiring the shares of stock of PAI 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 PAI.

Source: SEC Form 17-A (2016)
Security Information
Sector Services
Subsector Transportation Services
Corporate Life 50
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
Contact Information
Business Address 8th Floor, PNB Financial Center, President Diosdado Macapagal Avenue, CCP Complex, Pasay City
E-mail Address
Telephone Number (02) 816-3451
Fax Number (02) 869-8336