Prime Orion Philippines, Inc. (POPI), originally named Philippine Orion Properties, Inc., was incorporated on May 19, 1989 as an investment holding company. The merger of the company with First Lepanto Corporation paved the way for the entry of the Guoco Group of Hong Kong through its affiliate, Guoco Assets (Philippines), Inc. (GAPI), as principal shareholder of the company. In 1994, the company was renamed as Guoco Holdings (Philippines), Inc., and again changed its name to Prime Orion Philippines, Inc. on January 4, 2002. POPI, as an investment holding company, has interests in real estate and property development, manufacturing and retailing/distribution, financial services and other allied services, organized under several intermediate holding companies. These companies are Cyber Bay Corporation, Orion Land Inc., Orion I Holdings Philippines, Inc., DHG Capital Holdings, Inc. and OE Holdings, Inc. Source: SEC Form 17-A (2008)