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Forum Pacific, Inc.

Company Description
Forum Pacific, Inc. (FPI), formally known as Cophil Exploration, Inc., was originally incorporated in the Philippines on January 8, 1993 as Air Philippines International Corporation, and in 2000, changed its name to the present one. FPI's primary purpose is to invest, purchase and acquire assets of any kind and description, with the secondary purpose of engaging in the exploration, development and production of petroleum and related products, as well as other mineral and chemical substances.

FPI owns 60% of the stockholdings of Forum Coal Cebu Holdings, Inc. (FCCHI), which owns 60% stake in Forum Cebu Coal Corporation (FCCC), a company holding one coal operating contract in Cebu. On September 23, 2009, FCCHI, together with Forum (FEI) Ltd., entered into a sale and purchase agreement with CR Nichrome, Inc. for the sale of FCCC. FCCHI then decided to liquidate its business by shortening its corporate term until November 30, 2009.

The Company’s previous plan of acquiring a mining company with existing Mineral Product Sharing Agreement (MPSA) with the government is temporarily set aside due to the current inactivity of the mining sector. On the other hand, the Company is considering investing into industry of potential renewable energy sources like solar power, biofuels, hydro, wind and geothermal energy. The management is currently conducting research and feasibility study on this project.

Source: SEC Form 17-A (2016)
Security Information
Sector Holding Firms
Subsector Holding Firms
Corporate Life 50
Incorporation Date Jan 08, 1993
Number of Directors 11
Stockholders' Meeting as per By-Laws April - third Monday except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor Diaz, Murillo, Dalupan & Co.
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address 35/F One Corporate Center , Doña Julia Vargas Avenue, Corner Meralco Avenue, Pasig City, Metro Manila
E-mail Address
Telephone Number 706-7888
Fax Number