OUR BUSINESS
The Company’s Business Operation
Starting December 2014, Jackstones, Inc. (“JAS”) is steadily being transformed into a holding company for projects, property ventures, businesses and assets primarily in the ASEAN region and neighboring Asian countries without industry-specific limitations. The management team shall benefit enormously from the excellent business and management track record of its Chairman, Mariano Tanenglian.
Being a publicly listed holding company in the PSE, JAS is positioned as a prime mover in ASEAN–focused businesses is a very compelling competitive edge. This widens the reach of the Company and hedges the Company’s well-being across the performance of all the ASEAN member economies. This also makes the liquidity of JAS better due to an ASEAN-wide market interest for a Philippine-based holding company.
The Company’s objectives when managing capital are to support the Company’s ability to effectively deploy capital and to protect the interest of its shareholders.
OUR COMPANY
The Company’s Corporate and Business Profile
The Company was incorporated and registered with the Securities and Exchange Commission (SEC) in 1964 as Pacific Cement Company, Incorporated to engage in the manufacture and trading of cement and related products. In June 2000, the SEC approved the change in the primary purpose of the Company to that of a holding company and changed its corporate name to PACEMCO HOLDINGS, INC. (PACEMCO). Simultaneous therewith, PACEMCO spun-off its cement manufacturing and mining facility and assets to Pacific Cement Philippines, Inc. (PACEMPHIL), in exchange for 100% of the shares of stock of PACEMPHIL. This investment was subsequently sold in November 2000.
In December 2000, PACEMCO acquired 100% of the share capital of NextStage, Inc. (“NextStage” or the “Company”), a company established to take advantage of the opportunities in the rapidly growing technology sector and the emerging electronic economy. Subsequently, the shareholders of PACEMCO, during a meeting held in the first quarter of 2001, approved the proposed merger of PACEMCO with NextStage. On June 11, 2001, the SEC approved the merger of PACEMCO and its subsidiary NextStage, with PACEMCO as the surviving corporation. Subsequently, SEC also approved the change in name from PACEMCO to NextStage, Inc.
The Company’s Mission, Vision and Values
Mission
To enhance assets and improve the lives of Filipinos.
Vision
We will build on our core strengths and competencies and provide the highest standard of service and value to employees and shareholders, while upholding excellent standards of corporate governance.
Values
