Eton Properties Philippines, Inc. (ETON) was originally incorporated on April 2, 1971 under the name Balabac Oil Exploration & Drilling Co., Inc. to engage in oil exploration and mineral development projects in the Philippines. On August 19, 1996, the company changed its primary purpose from oil exploration and mineral development to that of a holding company, with real estate development and oil exploration as among its secondary purposes. The following year, the company changed its corporate name to Balabac Resources and Holdings Co., Inc. The SEC approved another change in the company's corporate name on June 8, 2007 to Eton Properties Philippines, Inc., and an accompanying change in its primary purpose to that of a real estate development company. ETON is the property development company of the Lucio Tan Group. The company specializes in high-end and mid-income luxury residences, state-of-the-art IT and BPO office developments, and township projects. ETON has already begun construction on several projects, namely, The Eton Residences Greenbelt, Eton Baypark Manila, One Archers Place, and South Lake Village. Source: SEC Form 17-A (2008)