Stock Information

MED | MEDCO HOLDINGS, INC.

Sector: FINANCIALS | Sub-Sector: OTHER FINANCIAL INSTITUTIONS

Medco Holdings, Inc. (MED) was originally incorporated on October 23, 1969, as Mindanao Exploration & Development Corporation, 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 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. and Manila Exposition Complex, where the Company holds direct ownership of 2.45% and 18.18%, respectively.

Source: SEC Form 17-A (2024)