JTH Davies Holdings, Inc. (JTH) was originally incorporated in 1946 as Theo H. Davies & Co., Far East Ltd., a Philippine branch office of Theo H. Davies & Co., Ltd., a Hawaiian corporation. In 1973, James Matheson & Co. of Hong Kong acquired the Hawaiian parent, and in 1974, the name of the Philippine branch office was changed to Jardine Davies, Inc. As Jardine Davies, the company used to engage in a range of activities such as the distribution of agri-chemical products and construction supplies, and middle income housing, through former wholly-owned units, subsidiaries and affiliates. After undergoing an internal reorganization, the company amended its primary purpose in October 2004 from wholesale distribution to that of a holding company. The Securities and Exchange Commission subsequently approved the change in the company's corporate name to JTH Davies Holdings, Inc. in May 2006. In December 2006, Jardine Matheson Europe B.V., the principal stockholder of JTH, sold 95.55% of its shares in JTH to Philippine Racing Club, Inc. (PRC). At present, JTH has very limited operations and has no suppliers or customers. Other inactive subsidiaries of JTH include Jardine Oil Corporation and Diesel Injection Magneto Services, Inc., which are all under dissolution process. Source: SEC Form 17-A (2008)