Stock Market PILIPINAS: Empowering the Filipino Investors
Bright Kindle Resources - Printable Version

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Bright Kindle Resources - mistah lim - 08-01-2011

BUSINESS PROFILE

Bright Kindle Resources and Investments Inc. (BKR), formerly Bankard, Inc. (BKD), was incorporated in the Philippines December 4, 1981 as a credit card corporation. On March 21, 1995, the company listed its shares with the Philippine Stock Exchange. In 2007, BKD changed the nature of its business from a full credit card business of issuing cards and merchant acquiring, to that of credit card servicing. In 2013, the company is a subsidiary of Rizal Commercial Banking Corporation (RCBC).

On October 18, 2013, the Board of RCBC and RCBC Capital Corporation approved the sale of 89% stake in BKD to RYM Business Management Corp. together with other investors. As a result, RYM acquired 81.77% of BKD. The Company ceased acting as the administration of RCBC’s credit card business.

In November 2013, the Board of BKR approved the amendment to change the name of the company to Bright Kindle Resources and Investments, Inc. and primary business purpose to a holding company.

Considering the sale of shares, the Company is now engaged in the purchase, exchange, assignment and hold investments of all properties, including but not limited to, bonds, debentures, promissory notes, shares of stocks and other securities without however engaging in the business of an investment company or a broker or dealer in securities.

At present, the Company holds 32.94% of Marcventures Holdings Inc.

Source: SEC Form 17-A (2016)

Initially named Philippine Commercial Credit Card, Inc. (PCCCI), Bankard, Inc. (BKD) was organized as a wholly-owned subsidiary of PCIBank on December 4, 1981. The Company was set up for the purpose of operating a domestic credit card business and its full commercial operations commenced in June 1982.

In 2007, BKD changed the nature of its business from a full credit card business of issuing cards and acquiring merchants, to that of credit card servicing. With the Company's services agreement with Rizal Commercial Banking Corporation (RCB) signed in 2001, BKD's primary customer is now RCB and indirectly the RCBC Bankard cardholders, to whom the cards are issued, and its accredited merchants. As a servicing entity, the Company provides RCB marketing, selling and distribution assistance, technical, collection services and all transaction processing requirements arising from its credit cardholder and merchant transactions. Specifically, BKD provides the end to end business and transaction processes primarily to the RCB credit card business.

In October 2009, BKD signed an agreement with China Union Pay Co., Ltd. (CUP) to acquire card transactions of CUP issued cards done through BKD accredited merchants.

Source: SEC Form 17-A (2010)


RE: BKD - BANKARD, INC. - BORDzTRADAMUS - 08-01-2011

Nokp...assignment.....under which company, mother or subsidiary is China Union Pay Co. Ltd is???
your answer is vital for a bonus tip hihihiBig Grin...Btw NOk...insured ka naba???Heart


RE: BKD - BANKARD, INC. - nokp - 08-01-2011

Bank of China? Big Grin


RE: BKD - BANKARD, INC. - BORDzTRADAMUS - 08-01-2011

(08-01-2011, 08:31 PM)nokp Wrote: Bank of China? Big Grin
Tama ba yan?

Insured ka naba?Big Grin




RE: BKD - BANKARD, INC. - aiu1225 - 08-01-2011

mukhang next na ito ah hehe


RE: BKD - BANKARD, INC. - nokp - 08-01-2011

(08-01-2011, 08:44 PM)BORDzTRADAMUS Wrote:
(08-01-2011, 08:31 PM)nokp Wrote: Bank of China? Big Grin
Tama ba yan?

Insured ka naba?Big Grin

People's Bank of China pala. wala pa kong insurance eh. Saang company kaya magandang mag apply? Big Grin


RE: BKD - BANKARD, INC. - StockJunkie - 08-02-2011

when to sell is a problem I like to have haha!


RE: BKD - BANKARD, INC. - BORDzTRADAMUS - 08-02-2011

1.20 needed to break... Can lock some profits and buybak 95-1.00Idea


RE: BKD - BANKARD, INC. - Dough Jones - 08-02-2011

Bordz pumasok ako sa 1.08. Tignan natin mamaya kung matitibag yung 1.20 Busy pa sila sa WPI and WIN.


RE: BKD - BANKARD, INC. - pating - 08-02-2011

congrats to all! Heart Big Grin