Roxas and Company Inc. (RCI) #45522
Created at
2024-06-10
Last update
2024-09-13
1 Parents (Involvements as child)
ID
Name
Solar Philippines Power Project Holdings, Inc. (Solar Philippines)
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
7.55 %
Loan date
2024-03
Comment
In a Facebook post on Tuesday, Solar Philippines Power Project Holdings, Inc. showed a letter sent by Mr. Leviste to the Securities and Exchange Commission (SEC), indicating that he bought 188.89 million shares of RCI, equivalent to 7.55% ownership.
1 Children (Involvements as parent)
ID
Name
Roxas Green Energy Corporation
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
In May 14, 2015, RCI established Roxas Green Energy Corporation (“RGEC”), a wholly owned subsidiary
to venture in renewable power generation. RGEC planned to develop solar power plants using the real properties owned by RCI in Nasugbu, Batangas. However, after completing the initial predevelopment requirements, permits and land preparations, RGEC deferred full development of the project and shifted to look for possible joint venture arrangements with major power firms. The pre-development cost was written down in 2021.