Solid Manila Corporation
Is a wholly owned subsidiary of Solid Group Inc registered with the SEC on June 13, 1983 . The company is primarily engaged in leasing of real estate properties. The company holds 75% interest in Skyworld Corporation (Skyworld) and 20% interest in Starworld Corporation (Starworld), which are both domestic entities with business related to the development of real estate.
On October 15, 2003 , the stockholders of the Company approved its merger with Solid Distributor's Inc., a company engaged in the distribution of consumer electronic products and whose parent company is also SGI. In accordance with the plan of merger, the corporate existence of Solid Manila Corp., being the surviving corporation, shall continue upon approval of the merger by the SEC. The merger was approved on December 23, 2003.