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Suntrust Home Developers, Inc.

Company Description
Suntrust Home Developers, Inc. (SUN) was incorporated on January 18, 1956 under the name Ramie Textiles, Inc. to engage in the manufacturing and sale of all types of ramie products. In 2002, the Company changed its name from Fairmont Holdings to the present one. The said change came hand in hand with a corresponding shift in SUN’s primary purpose from a holding company to a real estate company authorized to engage in real estate development, mass community housing, townhouses and row houses development, residential subdivision and other massive horizontal land development. Furthermore, a new secondary purpose was also approved authorizing SUN to acquire interests in tourism and leisure-related enterprises, projects or ventures.

On July 18 2002, the Company acquired from an affiliate, Empire East Land Holdings, Inc. (EELHI), all of the latter’s shareholdings in Empire East Properties, Inc., which later changed its name to Suntrust Properties, Inc. (SPI) and increased its authorized capital stock, with EELHI subscribing to such increase. As a result, SUN’s ownership interest in SPI decreased from 60% to 20%, making the latter an associate of the Company. In June 2013, SUN sold all its remaining shares in SPI.

SUN currently does not have any business operations and is not offering any product or service. However, through its wholly-owned subsidiary, First Oceanic Property Management, Inc. (FOPMI), the Company is engaged in property management of residential and office buildings and private estates. FOPMI holds 100% of the outstanding shares of stock of CityLink Coach Services, Inc., which is engaged in overland transport, carriage, moving or haulage of passengers, fares, customers and commuters as well as freight, cargo, articles, items, parcels, commodities, goods or merchandise by means of coaches, buses, coasters, jeeps, cars and other similar means of transport.

Source: SEC Form 17-A (2018)
Security Information
Sector Property
Subsector Property
Corporate Life 50
Incorporation Date Jan 18, 1956
Number of Directors 11
Stockholders' Meeting as per By-Laws October - last Tuesday
Fiscal Year 12/31 (Month/Day)
External Auditor Punongbayan & Araullo
Transfer Agent BDO Unibank, Inc. - Trust and Investments Group
Contact Information
Business Address 26th Floor, Alliance Global Tower, 36th Street cor. 11th Avenue, Uptown Bonifacio, Taguig City
E-mail Address
Telephone Number (632) 8894-6300
Fax Number