A Brown Company, Inc..

A Brown Company, Inc. (BRN) was originally incorporated on December 31, 1966 as Bendana, Brown, Pizarro & Associates, Inc., and later renamed on October 1, 1992 as Epic Holdings Corporation (EHC). In June 1993, the Securities and Exchange Commission approved the plan of merger between Brown Chemical Corporation, Brown Chemical Sales Corporation and EHC, with EHC as the surviving entity. The merged company was renamed to its current corporate name a month later. BRN serves as the holding company of the Brown Group of Companies.

BRN is primarily engaged in the business of real estate development. Its primary focus is the real estate projects located in Cagayan de Oro City, Cainta, Rizal, Valencia City, Bukidnon, and Butuan City. BRN, through its subsidiaries, has also ventured into oil palm nursery and seedlings distribution, palm oil milling, operation of apartelles and real estate brokerage.

BRN's subsidiaries consist of A Brown Energy and Resources Development, Inc., Brown Resources Corp., Nakeen Corporation, Andesite Corporation, Bonsai Agri Corporation, and Masinloc Consolidated and Power, Inc. The Company also has an 11.5% equity interest in Monte Oro Resources & Energy, Inc., whose wholly-owned subsidiary Monte Oro Grid Resources Corporation won the bidding for the sale of National Transmission Corp. together with State Grid Corporation of China and CALACA High Power Corp.

In 2010, BRN subscribed to 2,850,000 shares and 3,000,000 shares of Palm Thermal Consolidated Holdings, Corp. (PTCHC) and Panay Consolidated Land Holdings Corp., respectively, at par value. On December 8, 2010, PTCHC acquired 100% of DMCI Concepcion Power Corporation, the formerly known as Palm Concepcion Power Corporation.

Source: SEC Form 17-A (2010)

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A Brown putting up 200-MW coal plant in Iloilo

By Donnabelle L. Gatdula (The Philippine Star) Updated June 27, 2011 12:00 AM Comments (0) View comments

MANILA, Philippines - A. Brown Co. Inc. (ABCI), the investment arm of businessman Walter Brown, is putting up a 200-megawatt (MW) clean coal-fired power plant in Concepcion, Iloilo.

ABCI vice president Roel Castro said the company, however, will start to build the first phase which is 100 MW.

Castro said they expect the financing closure by fourth quarter this year with estimated project cost of $200 million or P9 billion.

He said they would expand the project by another 100 MW if they would be able to enter into supply contracts.

“The second 100 MW will be assessed once the first 100 MW has been on commercial dispatch already. This will depend on the market situation by then,” Castro said.

If they would be able start construction last quarter of this year, Castro said they could go on commercial operation by 2014.

According to Castro, the power plant would help address the supply need of the Visayas region in the medium-term.

“The Concepcion plant is geared at addressing the projected power shortage in the Visayas by 2013-14 caused by demand growth and decreasing dependable capacities of old plants,” he said.

He said they expect to contract the entire 100 MW. “New and existing large industrial and commercial off-takers and distribution utilities (DUs) have expressed their interest to conract the capacity of the concepcion plant for the security of their power supply requirements,” he said.

But Castro said they would also be trading some of the capacity from the Concepcion power plant to the wholesale electricity sport market (WESM).

In late 2010, ABCI consummated the purchase of the majority stake of Concepcion plant from DMCI Power Corp.

“By December 2010, we finish majority of the documentary and reportorial requirements. This included the public announcements by both listed companies,” he said.

ABCI, also in the late 2010, formed two subsidiaries, Palm Thermal Consolidated Holdings Corp. (PTCH) and Panay Consolidated Holdings Corp. (PCLH) to handle the purchase of the Concepcion plant.

Please be advised that, further to our disclosures dated 11 November 2010 and 19 November 2010 through which the Corporation informed the Exchange of its acquisition of DMCI Concepcion Power Corporation signalling its venture into the power business, through its subsidiary, Palm Thermal Consolidated Holdings Corporation, (PTCHC) the Corporation has initiated plans to build and operate a 200-megawatt coal-fired power plant in Concepcion, Iloilo.

As previously disclosed, the Corporation, through PTCHC, intends to participate in the government's thrust to make electric power accessible to the remotest baranggays in the country as well as to supplant the energy supply shortfalls forecasted in the near future. The development of the 200-MW power plant in Concepcion, Iloilo, however, is still in the preliminary stages, and appropriate disclosures will be made as soon as such plans and the corresponding agreements to implement the same are finalized.

grabe yung chart nito ah, parang abstract na tulay...
~In all your ways, acknowledge God.

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(06-27-2011, 09:28 PM)Luc23 Wrote: grabe yung chart nito ah, parang abstract na tulay...

Baka naman gusto mo post yung nakita mong abstract na tulay sa chart ng stock na ito para ma-gets kita. Smile

maya mam, post ko. blocked dito sa ofis e. hehe. at makauwi na nga rin....
~In all your ways, acknowledge God.

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[Image: brn.jpg]

eto mam, para syang skyway at clearly defined ang support niya(literal na support na mga posted)... kaso mukhang palubog ng dagat to... hehe. sensya na, wala pa akong charting tool e kaya galing lng pse to. Big Grin
~In all your ways, acknowledge God.

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Thanks for the chart with an abstract tulay. Okay lang yun kahit PSE and of course because you did that, you got yourself a point. Smile
ahaha, salamat Mam! Big Grin someday makakapag post rin ako ng mga charts dito na tulad ng mga gawa niyo. hehe.
~In all your ways, acknowledge God.

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Parang di pa ako gumagawa ng Chart. Haha...Anyway, ayan, pinansin mo tuloy, naging Top Gainer si BRN today. Do you know that Walter Brown keeps on buying BRN stock?

Want to know how? Go to PSE Site, Statement of Changes in Beneficial Ownership. Matagal ko ng alam Mr. Brown is buying BRN shares.

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