Sta. Lucia Land
From WikiPilipinas: The Hip 'n Free Philippine Encyclopedia
Sta. Lucia Land, Inc. (PSE: SLI) is a publicly-listed company. The company initially started out as a mining company under the Zipporah Mining and Industrial Corporation but eventually shift to real estate business. Its mother company, Sta. Lucia Realty and Development, Inc. owns the Sta. Lucia franchise in the Philippine Basketball Association, which was sold to the Meralco in 2010. As of January 15, 2011, Sta. Lucia Land has a total market capitalization of P19.6 billion and share price of P1.74.
 Company profile
Sta. Lucia, Inc. was incorporated in 1996 under the name Zipporah Mining and Industrial Corporation primarily to engage in mining activities. The company’s Articles of Incorporation was subsequently amended on change its company name to Zipporah Realty Holdings, Inc, and its primary purpose was change to real estate development.
Sta.Lucia Realty was incorporated in 1972 by members of the Robles-Santos Family with the primary objective of engaging in real estate development. It has since become one of the Philippines leading real estate development companies. From 1972 to 2007, SLR has been engaged in the development of over 9,000 hactares of land through 177 development projects through out the Philippines. Of these 177 projects, a total of 100 were completed as of December 31, 2007.
Sta. Lucia Realty is also a leading developer of golf courses in the Philippines, having developed the largest number of golf courses in the country. SLR has also developed the 10.5-hectare Sta. Lucia Grand Mall in Cainta, Rizal which it transferred to Sta. Lucia Land. In 2007, majority of Ziporrah Realth Holdings’ shares were acquired by Sta. Lucia Realty and Development, Inc. through property-share swap and changed its name to Sta. Lucia Land, Inc.
As part of a restructuring program, the board approved the following on June 15, 2007, which the shareholders subsequently approved on July 16, 2007:
- Increase in the authorized capital stock of the Registrant by P14 billion, from P2.0 billion to P16 billion, divided into 16 billion shares with a par value of P1.00 per share.
- Subscription of SLRDI of up to 10 billion shares out of the increase the authorized capital stock;
- Sta. Lucia Land’s subscription to such shares shall be at par value, the consideration for which shall be the assignment and transfer by company to the Registrant of assets acceptable to the Board at a reasonable discount on the market value of such assets
 Recent business development
At the end of 2010, Sta. Lucia Land, Inc. Chairman Exequiel Robles announced that the company will push through with a P5 billion to P10 billion capital raising program through secondary offering in 2011.
 Notable residential and commercial properties
- Alta Vista de Subic (Subic, Zambales)
- Alta Vista Residential Estate and Golf City (Cebu City)
- Caliraya Spring (Laguna)
- Costa Verde (Cavite)
- Davao Riverfront (Davao)
- Eagle Ridge (Cavite)
- Glenrose Park Carcar Cebu
- Greenwoods (Pasig)
- La Breza Tower (Quezon City)
- Lakewood City (Cabanatuan)
- Manville Royal Subdivision (Bacolod)
- Monte Verde Royale (Taytay, Rizal)
- Neopolitan Graden Condominium
- Palo Alto
- Pueblo Del Sol
- Rizal Technopark
- Sta. Lucia East Grandmall (Cainta, Rizal)
- Tagaytay Royale
 Financial highlights
As of September 30, 2010, Sta. Lucia’s total assets increased by P600 million to P12.5 billion from P11.9 billion of the same period last year. Total revenues up until that period totalled to P1.04 billion while net income amounted to P94.8 billion compared to just P17.8 billion a year ago.
 External links