In May 2024, the company distributed ₱3.2 billion in cash dividends, which decreased the funds available for investment and led to lower income from these investments. This dividend payout also reduced Total Assets and Stockholders’ Equity from ₱6.3 billion a year earlier to ₱3.3 billion.
About Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) Dominion Holdings Inc.’s primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets. |
On July 18, 2022, the SEC approved the change in corporate name of BDO Leasing and Finance Inc. to “Dominion Holdings, Inc.”, the shift in primary and secondary purposes from a leasing and financing company to that of a holding company, and the corresponding amendments to the Company’s Articles of Incorporation and By-laws.
As an investment holding company, Dominion Holdings has more flexibility in pursuing business opportunities that can enhance shareholder value.
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