Mindanao Appreciation Corporation


Mindanao Appreciation Corporation (MAC) (28.51%-owned by MHC)

Mindanao Appreciation Corporation is an investment Company, incorporated and registered with the SEC on November 21, 1991. Most of its assets are invested in shares of Mabuhay Holdings Corporation and The Taal Company, Inc.

MAC’s Board is composed of:
1. Esteban G. Peña-Sy - Chairman/ Director
2. Delfin P. Angcao - Corp. Secretary/ Director
3. Araceli C. Molina - Treasurer/ Director
4. Roberto V. San Jose - Director