Manila Times Business
Inside ASEAN IntelligenceOrganisation profile
CompanyPhilippines
COSCO Capital Inc.
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Business overview
Company backgroundCOSCO Capital Inc. was originally incorporated on January 18, 1988, initially focusing on exploration and production of oil, gas, and mineral reserves before becoming a holding company in 2000.
COSCO Capital Inc. has a diversified portfolio including grocery and specialty retail, wine and liquor, real estate, and energy and minerals sectors. The company owns subsidiaries such as Puregold Price Club, Inc., Office Warehouse, Inc., Ellimac Prime Holdings, Inc., and Alcorn Petroleum and Minerals Corporation.
COSCO Capital Inc. is publicly listed on the Philippine Stock Exchange under the ticker symbol COSCO. In 2021, COSCO Capital executed a share swap transaction involving its liquor subsidiaries and The Keepers Holdings, Inc., resulting in a strategic spin-off of these subsidiaries into a separate publicly listed company.
COSCO Capital reported a 9.2% profit growth in the first half of the year driven by increased sales in grocery retail, liquor distribution, and commercial real estate businesses.
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