The Shang Grand Tower is the latest development project of EDSA Properties Holdings, Inc., a member of The Kuok Group of Companies one of Asia-Pacific's most prestigious conglomerates. The Kuok Group is renowned for its expertise in property development, notable of which is the award-winning Shangri-La chain of hotels and resorts. In the Philippines, The Kuok Group's elegant touch can be seen in upscale properties EDSA & Makati Shangri-La Hotels, Mactan Island Resort in Cebu, The Enterprise Centre in Ayala, and high-end mall Shangri-La Plaza in Mandaluyong City.

EDSA Properties Holdings, Inc. (EPHI) was incorporated on October 21, 1987. The company has total assets of P14,182,030,305.00 as of June 30, 2003 which include a cash balance of over P1 billion. The company owns 78% of the Shangri-La Plaza Mall and 23.5% of The Enterprise Center, both of which regularly declare cash dividends augmenting EPHI's cash resources. In addition, the company receives rental income from the EDSA Shangri-La Hotel and parking income from EDSA Parking Services, Inc. For 2002, EPHI achieved a Net Income of P210,088,738.00.

With its valuable experience in managing its Shangri-La properties, and with its huge cash resources, EPHI is well positioned to become a major condominium developer in the Philippines.

 

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