Today, we focus on "LBC Express Holdings, Inc."
LBC is the Philippines' market leader in payments & remittance, documents & mail, parcels & boxes, and cargo & logistics.
6,400 locations, partners, and agents in over 30 countries.
1. Basic Information
LBC Express Holdings, Inc.
Industry: Transportation Services
2. History of the Company
1950s: LBC Express was initially founded as "Luzon Brokerage Corporation". LBC Air Cargo ("LBC Express") became the 1st Filipino-owned courier company with time sensitve cargo deliviries.
1973: Pioneered 24-hour door-to-door delivery
1985: Started serving the needs of overseas Filipinos, for their cargo requirements bound anywhere in the Philippines.
1990: LBC dominated the cargo, courier and money remittance markets and became known as the "Hari ng Padala"
July 12, 1993: LBC Express Holdings, Inc. (LBC) was incorporated as Federal Chemicals, Inc. to engage in the manufacture of various adhesives, sealants and other chemicals for hardware, construction, do-it-yourself and industrial applications.
September 2007: the Company changed its corporate name to Federal Resources Investment Group, Inc. (FED) as well as its primary purpose to that of a holdiing company.
April 23, 2015: the Board of Directors of the Company approved the issuance of 59,101,000 common shares, at 1.00 per share, out of the unissued portion of the Company's authorized capital stock to LBC Development Corporation, subject to acceptable documentation being arrived at, as well as the fulfillment of such conditions agreed upon by the parties, including a mandatory tender offer, where required under relevant laws and regulations.
May 18, 2015: the Company and LBC Development Corporation entered into a Deed of Subscription, whereby LBC Development Corporation, subject to the completion of the mandatory tender offer, subscribed to 59,101,000 common shares out of the unissed authorized capital stock of the Company or 59.10% of the authorized capital stock of the Company. The consideration for the subscribed shares was 59,101,000 or 1.00 per share.
July 2015: LBC Development Corporation (LBCDC) completed its tender offer to FED's shareholders and became the owner of 59.1% of the Company.
September 24, 2015: the Company purchased from LBC Development Corporation a total of 1,041,180,493 shares of stock in LBC Express, Inc. for an aggregate purchase price of 1,384,670,966.
October 2015: LBCDC acquired more shares and increased its equity interest in FED to 84.6%
October 12, 2015: SEC approved FED's application for the change in corporate name to the present one. The Company however, maintained its primary purpose of being a holding company.
<The Company's Stock Data for the past year 2017-2018>
<Stock Data of the Company for the past 10 years 2008-2018>
3. Present stock (2018/9/20)
For the fiscal year ended: Dec. 31, 2017
Currency: Philippine Pesos (PHP)
4. Board of Director/s
Chairman: Miguel Angel A. Camahort
Education: Bachelor of Science in Business Administration at College of Notre Dame Of Maryland
- October 26, 2015 - Present : Chairman of the Board, Chief Execuive Officer, and President at LBC Express Holdings, Inc.
- President and CEO at Federal Resources Investment Group, Inc.
- Senior Vice President of 2GO Group, Inc.
- COO of 2GO Solutions
August 16, 2018
LBC Express buys majority stake in Malaysian affiliate
LBC acquires courier unit in Malaysia
July 10, 2018
LBC Express is halfway through its P100M, 80-branch expansion in 2018