APC GROUP, INC. (APC) was originally registered as Asian Petroleum Corp. with the Securities and Exchange Commission (SEC) on October 15, 1993 with the primary purpose of engaging in oil and gas exploration and development in the Philippines. APC is a publicly listed company -- its shares were approved for listing in the Philippine Stock Exchange (formerly Manila Stock Exchange) on February 16, 1994.

Presently, the single biggest shareholder of APC is Belle Corporation, holding about 47% of the outstanding shares. On the other hand, the SM Group is a major shareholder of Belle Corporation.

During the Asian Financial Crisis in the latter part of 1990s, the Company amended its primary purpose and corporate thrust from oil exploration to that of a holding company to allow it to venture into other business and investment opportunities. To finance its new projects, APC increased its capitalization to P20 Billion upon SEC approval on December 30, 1997.

 

The new APC management re-assessed the recent growth in the demand for power and energy resources and decided to revive the Company's original primary purpose of energy resource exploration and development. Thus, it formed the ARAGORN companies to engage in the revitalized core business of energy resource exploration and development, including other minerals under APC MINING.