Originally incorporated as Jolliville Realty and Development Co., Inc. (“JRDCI”), a realty company, in September 1986 by the Ting family, the Company underwent a transformation to that of a holding company in 1999. On April 15, 1999, the Securities and Exchange Commission (SEC) approved the change in name of JRDCI to Jolliville Holdings Corporation (“JOH”), as well as the change in its primary purpose. Subsequently, on May 4, 1999, the SEC approved the increase in capitalization of JOH. The authorized capital stock of the Company was increased from 30,000 shares with a par value of 100 per share to 1 billion shares with a new par value of 1 per share. To date, 281.5 million common shares are issued and fully paid.
After this transformation into a holding company, JOH acquired the entire capital stock of its affiliates namely, Jolliville Group Management, Inc. (“JGMI”), Jollideal Marketing Corporation (“JMC”), Ormina Realty and Development Corporation (“ORDC”)(parent company of Calapan Waterworks Corporation, “CWWC” or “Calapan Water”), Jolliville Leisure and Resort Corporation (“JLRC”), and Ormin Holdings Corporation (“OHC”). It acquired the foregoing companies through the assignment of shares of stock, which was paid for in cash to members of the Ting Family who held ownership in the former prior to JOH’s acquisition.
Jolliville Group Management, Inc.
JGMI was incorporated on March 9, 1994 and at present, has an authorized capital stock of 10 million divided into 100,000 common shares, with a par value of 100 per share. To date, 50,000 common shares are issued and fully paid.
Ormin Power, Inc.
Ormin Power, Inc. ("Ormin Power") is a power generating company duly organized and existing under the laws of the Republic of the Philippines with business address at Ormeco Compound, Sta. Isabel, Calapan City, Oriental Mindoro. It was duly registered with the Securities and Exchange Commission (SEC) on April 27, 2009. Ormin Power is a dynamic emerging power company focused on the exploration and development of environment-friendly, timeless and renewable source of energy. Its primary purpose is to provide power generation and electricity supply services to distribution utilities, including but not limited to, electric cooperatives; to install, build, own, lease, maintain, or operate power generation facilities, using fossil fuel, natural gas, or renewable energy; and to engage in any and all acts which may be necessary, or
convenient, in the furtherance of such power generation services. Ormin Power has an authorized capital stock of Php466 million divided into 466 million common shares with a par value of Php1 a share. As of September 30, 2014, the subscribed and issued capital stock consisted of 166,500,000 shares with paid-in capital of Php102,000,000.
Servwell BPO International Inc.
Servwell BPO International Inc. (“Servwell”) was incorporated on May 19, 2009, as a wholly-owned subsidiary of Jolliville Holdings Corporation (“JOH”), primarily to design, implement, and operate certain business processes; to assist companies in running their accounting units; to provide receivables and payables processing, billing and collection, treasury, escrow and other related services; provide provident fund accounting; and to provide human-resource related processes. Servwell has an authorized capital stock of Php5 million divided into 5 million common shares with a par value of Php1 a share. On January 31, 2011, the Securities and Exchange Commission has approved the Articles of Merger between Servwell and Uptrend Concepts Management Corp. (“UCMC”). Servwell, as the surviving entity, has absorbed UCMC immediately after the merger. As of December 31, 2013, the subscribed and issued capital stock consisted of 2,206,723 shares with paid-in capital of Php1,105,488.
Ormina Realty & Develpment Corp.
ORDC was incorporated on April 22, 1997 with an authorized capital stock of 200 million divided into 200 million common shares, with a par value of 1 per share. To date, 50 million common shares of the corporation are subscribed and 23,331,830 has been received as payment on subscription.
Jolliville Leisure and Resort Corporation
JLRC was incorporated on March 20, 1995, and at present, has an authorized capital stock of 20 million divided into 200,000 common shares, with a par value of 100 per share. To date, 50,000 common shares are issued and fully paid.
Jollideal Marketing Corporation
JMC was incorporated on April 10, 1989 with an authorized capital stock of 2 million divided into 20,000 common shares, with a par value of 100 per share. To date, 10,000 common shares are issued and fully paid.
Ormin Holdings Corporation
OHC was incorporated on March 1, 1994 with an authorized capital stock of 10 million divided into 100,000 common shares, with a par value of 100 per share. To date, 25,000 common shares are issued and fully paid.
Granville Ventures, Inc.
Granville Ventures, Inc. (“GVI”) was incorporated on March 19, 2001 with an initial authorized capital stock of P1 million divided into 1 million common shares, with a par value of 1 per share. To date, 250,000 common shares are subscribed and 62,500 has been received as payment on subscription.
Calapan WaterWoks Corporation
CWWC was incorporated on May 23, 1991, and at present, has an authorized capital stock of
200 million divided into 200 million common shares, with a par of 1 per share. To present, 52,493,000 common shares of the corporation are subscribed and fully paid.
