Pinagkaisa Realty Corporation

The Pinagkaisa Realty Corporation (PRC) was organized in 1977 under the Corporation Law of the Philippines and registered with the Securities and Exchange Commission on March 13, 1978 under Registry Number 78665.

The Company was organized to acquire, buy, sell, exchange, manage, improve, lease, or otherwise deal in real property.

With the termination of the American Parity Agreement on July 3, 1974, the National Development Company (NDC) acquired through absolute purchase 60 per cent undivided interest in the four parcels of land owned by the Philippine Electric Manufacturing Company (PEMCO), [now GE Lighting Philippines, Inc. (GELP)]. On September 30, 1977, a Deed of Assignment and Transfer was executed wherein NDC and PEMCO conveyed their respective 60 per cent and 40 per cent undivided interest in exchange for fully paid shares of stock of PRC.

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