FJP’s principal asset is its investment in MCHC, consisting of shares of common stock representing approximately 94.34% of the outstanding shares of MCHC.
FJP also owns common shares in Pointwest Technologies Corporation which represents a 30% ownership interest in the company. The Registrant also owns shares of BPOI equivalent to 35% ownership interest in BPOI.
FJP has no real estate holdings except through its subsidiary, MCHC, and MCHC’s subsidiaries.
(a) Condominium Units/Office Properties
MCHC owns five (5) office condominium units which comprise the entire 5th Floor of the Citibank Center building, located at 8741 Paseo de Roxas, Makati City, including five (5) appurtenant parking units, per a Deed of Sale executed on 26 April 2000.
MCHC, the Registrant’s wholly-owned subsidiary, has relocated its corporate offices to its Citibank Center Property in Makati. FJP, as principal shareholder of MCHC, has been allocated office space by MCHC. MCHC has also leased out the four (4) remaining units. Two units are leased by Pointwest Technologies Corporation, a 30% owned affiliate of the Registrant. Two other units are leased to Cathay United Bank, one of the largest banks in Taiwan and to another lessee.
(b) Land/Property Ownership
MCHC has acquired a 985 m2 lot in Fort Bonifacio which it may develop into an office and/or residential building.