Our Company

  • Business Operations

    Synergy Grid & Development Phils., Inc. (the “Company”) was originally a mining corporation and registered with the Philippine Securities and Exchange Commission (SEC) on June 1, 1970 under the name Mankayan Minerals Development Company, Inc.

    On February 22, 1994, the SEC approved the Company’s change of corporate name to UEM Development Phils., Inc. and the change in its primary purpose from engaging in mining activities to general construction and other allied businesses. The amendment of its primary purpose was due to the potential opportunity in the construction industry brought about by the entry of a new foreign investor.

    On October 10, 1997, the SEC approved the Amendment to the Seventh Article of the Company’s Articles of Incorporation increasing the par value of its authorized capital stock from P0.01 to P1.00, decreasing the Company’s shares of stock from 500,000,000 shares to 50,000,000 shares, and stating that the stockholders shall have no pre-emptive rights.

    On November 5 and 9, and December 14, 2010, the Board of Directors (BOD) considered and approved the Amendment of the Articles of Incorporation and By-Laws of the Company for the purpose of, among others, changing the Company’s corporate name to Synergy Grid & Development Phils., Inc., changing its primary purpose to enable it to engage in power, energy, utilities, infrastructure and allied businesses (including investing in such entities), expanding the secondary purpose of the Company, and increasing the Company’s authorized capital stock to 215,000,000. The amendments to the Articles of Incorporation and By-Laws of the Company were approved by the stockholders on December 21, 2010. The SEC approved the Amended Articles of Incorporation on March 28, 2011 (Note 10).

    The Company’s shares of stock are listed on the Philippine Stock Exchange (PSE) under the stock symbol “SGP.”

    The Company’s registered office address is Unit 1607, 16th Floor, Tycoon Center Bldg. Condominium Pearl Drive, Pasig City, Metro Manila.

    Mission and Vision Statement

    SGDPI Vision: To be a strong and stable business enterprise that adds superior value to its shareholders and other stakeholders

    SGDPI Mission: To build a prosperous enterprise through strategic investments in power, energy, utilities and other allied businesses.

    Board of Directors, Management Team and Executive Officers

    Members of the Board shall serve for a term of one year and until their successors shall have been duly elected and qualified. The following are the incumbent Directors and Executive Officers of SGP:

    Name of Director/Officer Position (Other than being a Director) Citizenship
    Henry Sy, Jr. President/Chairman of the Board Filipino
    Robert G. Coyiuto, Jr.   Filipino
    Vicente D. Gerochi IV Corporate Secretary Filipino
    Mark O. Vergara (Independent Director)   Filipino
    Mark Jayson E. Alapoop Treasurer and Compliance Officer Filipino
    Melyjane G. Bertillo Asst. Corporate Secretary Filipino
    Ma. Theresita G. Yulo Comptroller Filipino

    Organizational Chart

    Organizational Chart

    Shareholding Structure

    Authorized Capital Stock Type of shares Number of Shares Par Value Amount
      Common 50,000,000 P1.00 P50,000,000
             
      Total 50,000,000   P50,000,000
             

    SGP has one hundred forty-seven (144) shareholders. The top 20 shareholders of SGP as of 31 December 2014 are as follows:

    No. of Shares Shareholders
    22,014,288 SY JR., HENRY
    21,271,452 EAST FLEMING HOLDINGS CORPORATION
    1,472,477 UNITED ENGINEERS (MALAYSIA) BERHAD
    1,077,520 MALAYCO, INC.
    840,000 COLLADO, ANTONIO GERARDO B.
    830,000 CHUA, JOSE T.
    830,000 TY, BENETO T.
    186,820 PCD NOMINEE CORPORATION (F)
    100,000 SPAKOWSKI, LUCIA
    58,200 LUHMANN, BERKLEY M.
    42,900 SCHOLEY, GEORGE T.
    40,400 A. R. GARCIA & CO., INC.
    31,000 VICENTE GOQUILAY & CO., INC.
    30,000 SPAKOWSKI, JOHN W.
    27,000 EQUITABLE SECURITIES (PHILS.),INC.
    26,200 ANSELMO TRINIDAD & CO., INC.
    21,000 PHILIPPINE REMNANTS CO., INC.
    20,400 ASSAD, ABLA BADDOUR
    20,000 R. H. MACHADO & CO., INC.
    20,000 LORA ENTERPRISES
    20,000 NGO TIONG KAW
    20,000 HENRY, EDWARD

    The foreign stockholders of SGP and their corresponding shareholdings as of 31 December 2014 are as follows:

    SHAREHOLDERS NATIONALITY NO. OF SHARES
    UNITED ENGINEERS (MALAYSIA) BERHAD Others (Malaysia) 1,472,477
    LUHMANN, BERKLEY M. American 58,200
    SCHOLEY, GEORGE T. American 42,900
    OH CHU KIONG Chinese 15,000
    METROPOLITAN INVESTMENT CORPORATION American 10,000
    MEARS, MABEL E. American 10,000
    NASSR, JUAN D. Other Alien 10,000
    MANDRIAK, ROGER Canadian 8,600
    MITCHELL, WILLIAM E. American 5,000
    SCHOLEY, GUY E. American 5,000
    AWAD, KENNETH RICHARD American 4,000
    BIRMINGHAM, T.J. American 4,000
    LILAY, JOSEPH Chinese 4,000
    DUMMERMUTH, WALTER (DECEASED) Swiss 3,000
    FOSTER, FRANK American 3,000
    KLINGER, JOHN American 2,000
    MITCHELL, PETER American 2,000
    H.E. BENNETH SECURITIES, INC. Chinese 1,000
    F.C. HAGEDORN & CO, INC. American 1,000
    SCIPLE, JAMES O. American 1,000
    YAM SENG LAM Other Alien 1
         
    Total Foreign Shareholdings   1,662,178
    Total Outstanding Capital Stock   49,466,000
    Percentage of Total Foreign Ownership   3.36%