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Araneta Properties, Inc.

Company Description
Araneta Properties, Inc. (ARA) was originally incorporated on June 15, 1988 as Integrated Chrome Corporation (INCHROME) with the principal business of mining chrome ore and producing ferro silicon metal, commonly known as ferrochrome. INCHROME stopped its smelter operations in January 1996. Soon after, in September 1996, the Company changed its corporate name to the present one as well as its primary purpose of business to land and property development, maintaining the smelter operations as a secondary purpose.

The Company's existing smelting plant is located in a five-hectare land in Misamis Oriental. The land on which the smelting plant is built is only part of the 17.3 hectare of industrial/residential land.

On November 29, 2019, ARA entered into an agreement with Sta. Lucia Land, Inc. (SLI) to develop a parcel of land owned by the Company. Under the agreement, SLI will develop the parcel of land into a residential subdivision with complete facilities and amenities, upon turnover of the property and upon securing required clearance and permit to develop, and in which the property shall be free and clean from any lien and encumbrance.

Source: SEC Form 17-A (2020)
Security Information
Sector Property
Subsector Property
Corporate Life 50
Incorporation Date Jun 15, 1988
Number of Directors 9
Stockholders' Meeting as per By-Laws September - Third Week
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Union Bank of the Philippines - Stock Transfer Unit
Contact Information
Business Address 21/F Citibank Tower, Paseo de Roxas cor. Valero St., Salcedo Village, Makati City
E-mail Address [email protected]
Telephone Number 848-1501 to 04
Fax Number 848-1495
Website http://www.aranetaproperties.com