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Prime Orion Philippines, Inc.

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Company Description
Prime Orion Philippines, Inc. (POPI), originally named Philippine Orion Properties, Inc., was incorporated on May 19, 1989 as an investment holding company. The merger of the Company with First Lepanto Corporation paved the way for the entry of the Guoco Group of Hong Kong through its affiliate, Guoco Assets (Philippines), Inc., as principal shareholder of the Company. In 1994, the Company was renamed as Guoco Holdings (Philippines), Inc., and again changed its name to the present one on January 4, 2002.

POPI, at present, has interests in real estate and property development, leasing of warehouses and non-life insurance, with the following intermediate holding companies: Orion Land Inc. (OLI), Orion I Holdings Philippines, Inc., and OE Holdings, Inc. OLI wholly owns Tutuban Properties, Inc., which holds the lease and development rights over Tutuban Center in downtown Divisoria.

On February 24, 2016, POPI entered into a deed of subscription with Ayala Land, Inc. (ALI) whereby ALI will subscribe to 51.06% equity interest in POPI. With the entry of ALI, POPI will be able to benefit from the expertise and resources of ALI and optimize the development of its property assets, especially Tutuban Center.

As of September 30, 2016, other subsidiaries of the Company include FLT Prime Insurance Corporation and Orion Solutions, Inc. The Company has one affiliate, BIB Aurora Insurance Brokers, Inc., which suspended its operations in 2002.

Source: SEC Form 17-A (2016)
Security Information
Sector Holding Firms
Subsector Holding Firms
Corporate Life 50
Incorporation Date May 19, 1989
Number of Directors 9
Stockholders' Meeting as per By-Laws April - second Friday or if said be a holiday, on the first working day thereafter
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address 3rd Floor Glorietta 5, Ayala Center, Makati City
E-mail Address corporate.popi@primeorion.com.ph
Telephone Number 884-1106
Fax Number 884-1409
Website http://www.primeorion.com