Manila Times Business
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CompanyPhilippines
Suntrust Resort Holdings, Inc.
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Business overview
Company backgroundSuntrust Resort Holdings, Inc. was originally incorporated on January 18, 1956, under the name Ramie Textiles, Inc., initially engaging in the manufacture and sale of ramie products.
The company was listed on the Philippine Stock Exchange on February 11, 1959. The company underwent several name changes and business focus shifts, becoming Suntrust Resort Holdings, Inc. with a primary focus on tourism-related businesses including hotel and casino development and operations.
On October 28, 2019, Fortune Noble Limited, a wholly-owned subsidiary of Suncity Group Holdings Limited, acquired 51% of the outstanding capital stock of Suntrust Resort Holdings, Inc., indicating majority private ownership. The Securities and Exchange Commission approved the company's amendments to focus on tourism-oriented businesses and its current corporate name in 2020 and 2022 respectively.
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Manila Times Business
Suntrust Resort Holdings Inc. calls for annual stockholders meeting
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