Our Business


Seafront Resources Corporation (SRC) was originally incorporated on April 16, 1970 as an oil exploration and production company. On October 18, 1996, the Company changed its primary purpose into a holding company, with oil exploration and production business as one of its secondary purposes.

On January 31, 1997, SRC entered into a Project Shareholders’ Agreement with five (5) other companies led by Investment and Capital Corporation of the Philippines and Penta Capital Investment Corporation to develop 500 to 600 hectares of land. The project, which is now known as Hermosa Ecozone Development Corporation (HEDC), aims to develop a new township consisting of industrial estates, residential communities, a golf and country club, and commercial center.



Our Company


Our Corporate Profile

Seafront Resources Corporation (SRC) was registered with the Securities and Exchange Commission (SEC) on April 16, 1970 as an oil exploration and production company.

On October 18, 1996, the Company amended its Articles of Incorporation which provides for the revision of its primary purpose from engaging in the business of oil exploration and production into a holding company and to include oil exploration and production business as one of its secondary purposes. The Company’s shares of stock were listed on May 7, 1974 and are currently traded at the Philippine Stock Exchange.

The registered office address of the Company is 7th Floor, JMT Building, ADB Avenue, Ortigas Center, Pasig City.



Mission:

SRC’s mission is to continuously look for sound, viable, and profitable investments while ensuring that its business decisions positively impact its internal and external shareholders.

Vision:

SRC aims to be a profitable investment and holding company, to provide maximum value to its shareholders and ensure sustainability in its business, people, and the society.

Values:

As a company, we uphold the values of:

• Integrity in the conduct of our business;
• Credibility in the decisions that we uphold; and
• Respect for others in all we do.



Board of Directors

Position Name
Chairman Roberto Jose L. Castillo
Director Milagros V. Reyes
Director Perry Y. Uy
Director Victor V. Benavidez
Director Yvonne S. Yuchengco
Director Raul M. Leopando
Director Medel T. Nera
Independent Director Nicasio I. Alcantara
Independent Director Ernestine Carmen Jo D. Villareal-Fernando


Management Officers

Position Name
President Milagros V. Reyes
Treasurer Perry Y. Uy
Corporate Secretary, Chief Information Officer and Compliance Officer Samuel V. Torres
Assistant Corporate Secretary, Alternate Information Officer and Assistant Compliance Officer Arlan P. Profeta


Organizational Chart



Conglomerate Map

Seafront Resources Corporation is part of the Yuchengco Group of Companies (YGC) conglomerate. Click the link https://rcbc.com/About/ConglomerateMap to view the Conglomerate Map.



Company Shareholding Structure As of
Market Capitalization 392,830,000.00
Outstanding Shares 163,000,000
Listed Shares 163,000,000
Issued Shares 163,000,000
Free Float Level(%) 81.30%
Foreign Ownership Limit(%) 40%
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Company’s Articles of Incorporation and By-Laws