Medco Holdings, Inc. (MED) Stock Price

-9.29%
Price Data
₱0.127
₱0.140
₱0.127
₱0.224
₱0.0800
Market Data
₱118,940
₱401.23 Million
-
₱0.00000
₱0.0100

Company Profile
Medco Holdings, Inc. (MED) was originally incorporated on October 23, 1969 as Mindanao Exploration & Development Corporation and engaged in mineral exploration and development. It adopted its current name in 1995. With the entry of the Lippo Group through Citivest Asia Limited in the middle of 1995, MED embarked on a major corporate shift that resulted in its transformation into an investment holding company. In line with the change in its primary business purpose, MED sold all its rights, titles, interests including all liabilities and obligations in its mining lease contracts and operating agreements to South Seas Oil & Mineral Exploration Development Co., Inc. Since then, MED has been engaged in investment holding activities. At present, MED's investment portfolio is composed of holdings in companies involved in financial services (commercial and investment banking) and trade development (operation of exhibition halls and conference facilities). MED's current affiliates are Export & Industry Bank, Inc., with MED having 2.45% direct ownership; and Manila Exposition Complex which the Company owns 18.18% of. Source: SEC Form 17-A (2022)
Stock Information
Sector
Financials
Subsector
Other Financial Institutions
Outstanding Shares
3,159,292,441
Share Type
Common
ISIN
PHY5943H1125
10000