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The Group has principal business interests in leasing, management services, property development and land banking, and a local waterworks system.
JOH and ORDC leases and rents out certain assets including land, buildings & improvements, furnishings and fixtures, equipment, and machineries to a number of independent business entities involved in the operation and management of KTV entertainment/recreation centers in the Metro Manila area.
JGMI provides general management services and assistance to companies within and affiliated to the Group, notably ORDC and its subsidiary, Calapan Water. Another consolidated subsidiary, UCMC, on the other hand, provides specialized management consultancy services to third parties engaged in the KTV entertainment and leisure/recreation business, particularly in the areas of facilities remodeling and interior design, organizational consulting, records management and bookkeeping assistance.
The Group owns and holds title to a number of properties in Metro Manila, Calapan City and Puerto Galera in Oriental Mindoro. These property investments, which include parcels of urban land, provincial and beachfront properties, as well as condominium units, are held for future operations and/or development. At this time when demand for property is soft, the Company is in no real rush to start development of its land-banked properties and there is no pressure on it to do so. It will only start its own development program for its properties once there is already a clear signal of a real turn around in the property situation.
Through JLRC, the Company has ventured with other investors (Aviso Holdings, Inc., Sta. Lucia Realty and Dev’t., Inc., Alson’s Land Corp. and Blue River Holdings, Inc.) to invest in a businessman’s hotel at the Eagle Ridge Golf and Country Club in General Trias, Cavite. Known as the Eagle Ridge Microtel, it is the first value-for-money businessman’s hotel in the area designed to cater not only to the accommodation needs of transient businessmen and tourists, but also to golf players and enthusiasts who frequent the golf course and facilities Eagle Ridge. JLRC has an 18.2% stake in Eagle Ridge Hotel Corporation.
Calapan Water owns, operates and manages the waterworks system of Calapan City, Oriental Mindoro. It is one of the few privately owned water systems in the country today. Calapan Water also operates the water system of the City of Tabuk, capital of Kalinga province. The system remains the property of the local government, our role is to operate and maintain the system for a period of 15 years starting September 23, 2006. |