Our Business

On January 3, 1974, Lodestar Mining Corporation (now Lodestar Investment Holdings Corporation) (“LIHC” or the Company”) was incorporated in the Philippines and established primarily as a mining and natural resources exploration company. The Company was engaged in the development of several gold and chromite mining claims in Masbate, Cebu, Negros Occidental and Palawan.

In 1988, the Company filed an application for listing of its 30,000,000 common shares with the Philippine Stock Exchange (“PSE”) formerly known as the Manila and Makati Stock Exchanges. On October 11, 1988, the SEC issued to the Company a Certificate of Permit to Offer Securities for Sale and rendered the Registration Statement to be effective. The Company was able to complete its initial public offering and the listing of the Company’s shares was made effective on May 26, 1989.

In October 2003, the name and primary purpose of the Company were changed from a mining company to an investment holding company.
On July 21, 2015, the Company entered into Cancellation of the Heads of Agreement, Amended Heads of Agreement and Allied Contracts with Abacus Consolidated Resources Holdings, Inc. (ABACORE) and Abacus Coal Exploration and Development Corporation (ABACOAL). The cancellation was necessitated by the fact that the Merger with ABACOAL was not approved by LIHC shareholders for lack of quorum during the Annual Shareholder’s Meeting called for the three (3) years prior. Thus, the Company no longer has any contractual interest over ABACOAL as a result of the cancellation of other Heads of Agreement and its allied contracts.

On October 25, 2016, the Board of Directors authorized the execution, delivery and implementation of the Subscription Agreement with Mr. Nathaniel C. Go for the subscription, via private placement, to two hundred sixty million (260,000,000) shares at the subscription price of ten centavos (P 0.10) per share. The subscribed shares shall be issued out of the Company’s authorized capital stock of one hundred million pesos (P100,000,000.00) consisting of one billion (1,000,000,000) common shares with a par value of ten centavos (P0.10) per share.

Likewise, on the same date, the Board of Directors authorized the execution, delivery and implementation of the Subscription Agreement with Ms. Socorro P. Lim, for the subscription, via private placement, to two billion (2,000,000,000) shares at the subscription price of ten centavos (P 0.10) per share. The subscribed shares were issued out of the increase in the Company’s authorized capital stock from one hundred million pesos (P100,000,000.00) consisting of one billion (1,000,000,000) common shares with a par value of ten centavos (P0.10) per share to three hundred million pesos (P300,000,000.00) consisting of three billion (3,000,000,000) common shares, with a par value of ten centavos ( (P0.10) per share. On December 8, 2016, the stockholders representing approximately 67.23 % of the outstanding capital stock of the Company affirmed, ratified and re-adopted the increase in the authorized capital stock of the Company. On June 14, 2017, the Securities and Stock Exchange approved the increase in authorized capital stock.

Our Company

Business Profile

LODESTAR is an investment holding company incorporated on January 3, 1974 with the following primary purpose:

“To purchase , subscribe for, or otherwise acquire, own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or dispose of real and/or personal properties of every kind and description, including shares of stock and other securities, contracts, or obligations of any corporation or association, domestic or foreign, and to pay therefore, in whole or in part, in cash or in property or by exchanging stocks, bonds or other corporation, and while the owner or holder of any such real or personal property, stocks, or other securities, contracts or obligations, to receive, collect, and/or dispose of the interest, dividend and/or income from such property, and to possess and exercise in respect thereof all the rights, powers and privileges of ownership, including all voting powers on any stocks so owned; and to do every act and thing covered generally by the denomination “Holding Corporation of other Corporations” through the ownership of stocks therein, provided, however, that the corporation shall not act as an investment company or security broker and/or dealer nor exercise the functions of a trust corporation.”

Mission, Vision and Values

Lodestar Investment Holdings Corporation (the Company) shall strive to become one of the leaders in its industry through the development and implementation of strategic plans, operating goals and objectives across its entire organization of competent directors, management and personnel. 

Board of directors, management team and executive officers

It is the Board of Directors’ (Board) responsibility to foster the long-term success of the Corporation, and to sustain its competitiveness and profitability in a manner consistent with corporate objectives and the best interests of shareholders. The Board’s role is one of stewardship.  It is mandated to take care of the interests of the shareholders and protect their investments through the implementation of sound corporate policies and plans while maintaining its independent assessment on Management’s performance. 

As currently provided under its By-laws, the Board is composed of seven (7) directors including two (2) independent directors.

The membership of the Board may be a combination of executive and non-executive directors (which include independent directors) in order that no director or small group of directors can dominate the decision- making process.

The non-executive directors should possess such qualifications and stature that would enable them to effectively participate in the deliberations of the Board.

Board of Directors

Name

Office

Antonio Victoriano F. Gregorio III

Chairman / Director

Chi Ho Co

President / Director

Delfin S. Castro, Jr.

Director / CFO / Treasurer

Richard N. Palou

Director / Investor Relations Officer

Ramoncito B. Cabalu

Director

Felixes G. Latonero

Independent Director

Leonardo B. Cua

Independent Director

Venus L. Gregorio

Corporate Secretary, Corporate Information Officer & Compliance Officer



ANTONIO VICTORIANO F. GREGORIO III, 46, Filipino, Director, Chairman.

Atty. Antonio Gregorio III graduated Second Honors, with a Juris Doctor from the Ateneo de Manila University in 1998 and passed the bar examinations of 1998. He also has a Bachelor of Science Major in Management Engineering and a Bachelor of Arts, Major in Economics-Honors, both from the Ateneo de Manila University, Magna Cum Laude. He was a valedictorian of his high school class in the Ateneo. Atty. Gregorio sits as director and officer of various public and private companies, including NiHAO Mineral Resources International, Inc., (President from 2011 and Chairman from 2012 to present), Dizon Copper-Silver Mines (Treasurer/Director from 2012 to present), Abacore Capital Holdings, Inc. (Director, 2009 to present, Vice Chairman 2018), Philippine Regional Investment Development Corporation (Director 2014 to present, President 2018), Philstar Development Bank (Director, 2008 – present), IPM Holdings, Inc. (Director 2012 to present), Cuervo Far East, Inc.(Corporate Secretary/Director, 2005 to present), Millionaire’s Offices and Properties Inc. (Director 2011 – present) and Barnyard Realty Corporation (Corporate Secretary, 2002 to present), and 4A9T Scholarship foundation, Inc. (Corporate Secretary/Trustee from 1999 to present). He was formerly a Director of the following companies: Asiabest Group International Inc. (Chairman and President from 2011 to 2017), GNA Resources International Limited (2011 to 2015), World Wide Manpower Overseas, Inc. (2007 to 2014), Alta Minera, Inc. and Breccia Resources, Inc., (2011 to 2017), Beaver Q Corporation (2002 to 2017) and Big Herald Link International Corporation (2004 to 2016).

CHI HO CO, 47, Filipino, Director and President.

Mr. Chi Ho Co is a businessman who currently serves as Director and Officer of various publicly listed and private companies including Geograce Resources Philippines, Inc. (2013 to present), Hightower, Inc. of which he is the President (2003 to present), Glomedic Philippines, Inc. (Chairman, 2004 to present), Banquets in Style, Inc.(Chairman, 2003 to present), Cavite Apparel Corporation (VP, 1998 to present), Subic Bay Apparel Corporation (VP, 1998 to present), Julia Realty & Development Corp. (Treasurer, 2006 to present), Edgeport Properties, Inc. (Treasurer/Secretary, 2006 to present), Fasttrack Realty & Development, Inc. (Chairman, 2004 to present) and CAC Motors Corp. (President, 2002 to present) among other companies. He was formerly a Director of Asiabest Group International Inc. (2011 to 2017) and Nihao Mineral Resources International, Inc. (2013 to 2014).

RAMONCITO B. CABALU, Filipino, 62.

Mr. Ramoncito Cabalu graduated with a Bachelor of Arts degree major in Economics and Social Sciences at the University of the Philippines in 1977. Mr. Cabalu is a director and President of a major entertainment company Circle Asia Group with major industry players to service the entertainment requirements of gaming companies in Manila and the emerging markets (2014 to present). He is also currently a director and Partner of Maple Tree Investments (2014 to present) and Vice-President/Partner for Business Development of Garco Minerals and Chemical Trading. He is also a director of Geograce Resources Philippines Inc. (2016 to present) and he was a director of Asiabest Group International Inc. (2014-2018).

DELFIN S. CASTRO, JR. Filipino, 53.  

Mr. Delfin S. Castro, Jr. holds a Masters Degree in Business Administration and a Bachelor of Science Degree in Business Administration from the University of the Philippines.  He is currently a Director/Treasurer of Nihao Mineral resources International, Inc. (2012 – present), Director/Treasurer of Geograce Resources Philippines Incorporated (2006 – present), Director of Dizon Copper-Silver Mines, Inc. (2012 – present). He is also a Director and Corporate Secretary of Sunplaza Development Corporation and Treasurer of The Peak Condominium Corporation.  He was formerly a Director / Treasurer of AsiaBest Group International, Inc. (2010 – 2017).

RICHARD N. PALOU, Filipino, 71

Mr. Richard William N. Palou is currently a Director of Dizon Copper-Silver Mines, Inc. (2017 to present).  He is an MBA candidate and a graduate of Business Management at the Ateneo de Manila University.   He currently serves as Director of DENAGA Pawnshop, Inc. (2007 to present), Vantage Investigation and Security Agency, Inc. (2007 to present), and First Philippine Wind Corporation (1997 to present).  He was the Director for the University Athletics at the Ateneo de Manila University (2004 to 2017). He also served as a Director of Asiabest Group International Inc. (2008 to 2018).

FELIXES G. LATONERO, Filipino, 45.

Mr. Latonero is an Independent Director of Geograce Resources International, Inc. (2016 – present). He is also the President of Nontrad Advertising and FGL Modular Cabinet System, Inc. (2003-present). He graduated in 1995 with a degree in Fine Arts from the EARIST. He was Independent Director of Nihao Mineral Resources International, Inc. (2014-2015) and Independent Director of Asiabest Group International Inc. (2015-2018).

LEONARDO B. CUA, Filipino, 65.

Dr. Leonardo B. Cua is currently serving as a Director of Dizon Copper-Silver Mines, Inc. (2012-present) and an Independent Director of NiHAO Mineral Resources International Inc. (2017-present). He is also a Co-owner (2003-present) and Cosmetic Surgeon (2014-present) of JMC Derm Specialist Clinic. He is a physician by profession, Dr. Cua is currently a member of Philippine Medical Association and Philippine Society of Anesthesiologists. He graduated from the University of the Philippines, Diliman, with a degree of Bachelor of Science in Biology. He is a Doctor of Medicine from the University of the East Ramon Magsaysay Memorial Medical Center. He completed his post graduate internship from the Manila Doctor’s Hospital and residency training at University of the East Ramon Magsaysay Memorial Medical Center.

VENUS L. GREGORIO, 50, Filipino, Corporate Information Officer and Corporate Secretary.

Atty. Venus L. Gregorio graduated with a Juris Doctor from the Ateneo de Manila University in 1998 and passed the bar examinations of 1998. She has a Bachelor of Arts degree major in Political Science from the University of the Philippines. Atty. Gregorio is the Asst. Corporate Information Officer and Assistant Corporate Secretary of Dizon Copper-Silver Mines, Inc. Asst. Corporate Secretary/Director of Cuervo Far East, Inc. (2005 to present). She was the Corporate Secretary and Corporate Information Officer of Asiabest Group International Inc. (2011 to 2017).

 

Organizational Chart

Shareholding structure

 

Number of Shares

Amount (Php)

Authorized Capital

3,000,000,000

300,000,000.00

Subscribed Capital

3,000,000,000

 

Paid Up Capital

 

300,000,000.00

Par Value

Php0.10

 

Articles of incorporation and by-laws and all amendments

[Download PDF file here]

Amended Articles of Incorporation

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