Our Business
Seafront Resources Corporation (SRC) was originally incorporated on April 16, 1970 as an oil exploration and production company. On October 18, 1996, the Company changed its primary purpose into a holding company, with oil exploration and production business as one of its secondary purposes.
On January 31, 1997, SRC entered into a Project Shareholders’ Agreement with five (5) other companies led by Investment and Capital Corporation of the Philippines and Penta Capital Investment Corporation to develop 500 to 600 hectares of land. The project, which is now known as Hermosa Ecozone Development Corporation (HEDC), aims to develop a new township consisting of industrial estates, residential communities, a golf and country club, and commercial center.
Our Company
Seafront Resources Corporation (SRC) was registered with the Securities and Exchange Commission (SEC) on April 16, 1970 as an oil exploration and production company.
On October 18, 1996, the Company amended its Articles of Incorporation which provides for the revision of its primary purpose from engaging in the business of oil exploration and production into a holding company and to include oil exploration and production business as one of its secondary purposes. The Company’s shares of stock were listed on May 7, 1974 and are currently traded at the Philippine Stock Exchange.
The registered office address of the Company is 7th Floor, JMT Building, ADB Avenue, Ortigas Center, Pasig City.
Mission:
SRC’s mission is to continuously look for sound, viable, and profitable investments while ensuring that its business decisions positively impact its internal and external shareholders.
Vision:SRC aims to be a profitable investment and holding company, to provide maximum value to its shareholders and ensure sustainability in its business, people, and the society.
Values:As a company, we uphold the values of:
• Integrity in the conduct of our business;
• Credibility in the decisions that we uphold; and
• Respect for others in all we do.
Board of Directors
| Position | Name |
|---|---|
| Chairman | Roberto Jose L. Castillo |
| Director | Milagros V. Reyes |
| Director | Victor V. Benavidez |
| Director | Yvonne S. Yuchengco |
| Director | Raul M. Leopando |
| Director | Medel T. Nera |
| Independent Director | Nicasio I. Alcantara |
| Independent Director | Ernestine Carmen Jo D. Villareal-Fernando |
| Independent Director | Basil L. Ong |
Management Officers
| Position | Name |
|---|---|
| President and Compliance Officer | Milagros V. Reyes |
| Treasurer | Medel T. Nera |
| Corporate Secretary and Chief Information Officer | Atty. Samuel V. Torres |
| Assistant Corporate Secretary and Alternate Information Officer | Atty. Keel Achernar R. Dinoy |
| Data Privacy Officer | Vanessa G. Peralta |
Organizational Chart
Conglomerate Map
Seafront Resources Corporation is part of the Yuchengco Group of Companies (YGC) conglomerate. Click the link https://rcbc.com/About/ConglomerateMap to view the Conglomerate Map.
Company Shareholding Structure
| Market Capitalization | 352,080,000.00 |
| Outstanding Shares | 163,000,000 |
| Listed Shares | 163,000,000 |
| Issued Shares | 163,000,000 |
| Free Float Level(%) | 81.30% |
| Foreign Ownership Limit(%) | 40% |
Company’s Articles of Incorporation and By-Laws