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Discovery World Corporation

Company Description
Discovery World Corporation (DWC) was incorporated on January 5, 1993 as Southern Visayas Property Holdings, Inc. On March 21, 2013, the Securities and Exchange Commission approved the change of the corporate name to the present one. The Company’s primary purpose is to develop, invest in, own, acquire, administer, construct, and operate hotels, resorts, apartelles, condominiums, townhouses, buildings, other tourist-related structures, and their usual facilities.

DWC is primarily engaged in the hotel and resort business under the names and styles of Discovery Shores Boracay, Discovery Shores, Platitos Resto-Bar, Sands Lounge, Indigo Resto-Bar and Sunken Pool Bar.

In March 2007, DWC established Discovery Shores Boracay, a resort hotel located in Boat Station 1 of the island of Boracay, Aklan. On March 7, 2013, DWC entered into a management agreement with The Discovery Leisure Company, Inc. for the operation of Discovery Shores Boracay for an initial term from date of execution thereof to February 28, 2022.

The Company took over the operations of Club Paradise in Dimakya Island, Coron, Palawan, after its acquisition of Euro-Pacific Resorts, Inc. on September 27, 2013. In 2014, the Company acquired Palawan Cove Corporation and Discovery Fleet Corporation, a transportation services business. DWC likewise owns 98.87% of Cay Islands Corporation, which also has businesses in Palawan, and 92.59% of Sonoran Corporation, which is developing properties in Baguio. In 2016, the Company incorporated Long Beach Property Holdings, Inc. for the purpose of developing more properties in Palawan.

Source: SEC Form 17-A (2016)
Security Information
Sector Services
Subsector Hotel & Leisure
Corporate Life 0
Incorporation Date Jan 05, 1993
Number of Directors 7
Stockholders' Meeting as per By-Laws N/A
Fiscal Year 12/31 (Month/Day)
External Auditor Reyes, Tacandong & Co.
Transfer Agent Rizal Commercial Banking Corporation - Stock Transfer Dept.
Contact Information
Business Address Principal Office: Station 1, Balabag, Malay, Aklan; Corporate Office: 2F JTKC Centre 2155 Chino Roces Ave., Makati City
E-mail Address jean.codinera@discovery.com.ph
Telephone Number (+632) 813-8857
Fax Number (+632) 519-5625
Website http://www.discovery.com.ph