EVER GOTESCO RESOURCES &

HOLDINGS INC.

GALING, SHERELYN B. (BSBA 2B)

SUBMITTED TO:

MR. ARIEL VIBAR

I. BACKGROUND OF THE COMPANY
Ever Gotesco was established in 1972 as the highly successful, five-story Ever Emporium on Recto Avenue in Manila.
One of the country's first commercial buildings is the five-level Ever Emporium. [2] In 1975, the company expanded
to Caloocan, where a second Ever Emporium was inaugurated. The company expanded in Malabon in 1979,
becoming the third known ever emporium (later known as Concepcion Supermarket).
Jose Go entered the mall industry in the 1980s. In 1988, Go opened the Ever Gotesco Grand Central, the first
Gotesco mall to open in Caloocan, which at the time was the city's only commercial building. Ever Gotesco gained
confidence from the Grand Central Mall to open 5 other Ever Gotesco Centers and Malls. Ever Center Las Pinas
opened to the public in 1989. Following the public opening of Ever Las Pinas in 1993, Ever Laguna Plaza was
abandoned in 2003.
Ever Gotesco purchased a five-hectare lot on Commonwealth Avenue in Quezon City in 1992. The building
process began in February 1992. The new mall was completed in June 1994 and unveiled to the public on July 27,
1994 and they named it Ever Gotesco Commonwealth Center.
Ever Gotesco purchased a 4 hectare lot at Ortigas Avenue, which is on the border of Pasig and Cainta, in 1993.
The new mall's construction was completed in July 1995, and on October 26, 1995, it was officially opened to the
public. It was given the name It Ever Gotesco Ortigas Complex.
The original Ever Emporium was expanded by Ever Gotesco in 1996 to become Ever Manila Plaza. At that time,
Ever Gotesco Malls gained some notoriety. The first company founded by Ever Gotesco was Gotesco Investment Inc.
in 1988 (one week after Grand Central opened), the second was Ever Gotesco Resources And Holdings in 1994 (two
months after Ever Commonwealth opened), and the third was Gotesco Tyan Ming Inc. in 1995. (2 Weeks After the
Opening of the Ortigas Complex)
Unfortunately The 1997 Asian Financial Crisis Caught Jose Go Expanding His Business Very Aggressive, The
Business Expand To A Multi Billion Business Using Borrowed Money. Jose Go's Orient Bank Leads To The Fall And
Sharp Decline Of Ever Gotesco Malls.
In 1997 Ever Center Las Pinas Was Sold And Later Abandoned, In 2003 Ever Laguna Plaza Closed Its Doors To The
Public Due To Bankruptcy Of The Company At That Time, In 2012 Ever Gotesco Grand Central Mall Was Caught On
Fire Which Rage For 3 Days The Structure Of The Mall Was Demolished Which Became A Artificial Lake For Some
Years. Until 2018 Ever Gotesco Sold The Property To SM Prime Holdings, And Became Sm City Grand Central Which
Opened In November 2021, In 2015 Ever Gotesco Sold Ever Gotesco Ortigas Complex To Sm Prime Holdings As Well
Which Closed In January 2016 And Opened As Sm City East Ortigas In December 2016, In 2020 Ever Manila Plaza
Closed To The Public Due To Covid - 19 Pandemic Later Reopened To The Public. Ever Gotesco Commonwealth
Remain Opened (Formerly Known As The Last Ever Gotesco Mall).
In Febuary 2021 a shootout between the Philippine National Police and Philippine Drug Enforcement Agency
occurred at a McDonald's by Ever Gotesco's Commonwealth Avenue branch, both parties claimed that they were
conducting an anti-drug operation in the area.
Ever Supermarket Currently Has 61 Branches. In 2022 Ever Gotesco Commonwealth Center Has An Ongoing
Expansion And Redevelopment Which Started In 2017Jose Go entered the mall industry in the 1980s. In 1988, Go
opened the Ever Gotesco Grand Central, the first Gotesco mall to open in Caloocan, which at the time was the city's
only commercial building. Ever Gotesco gained confidence from the Grand Central Mall to open 5 other Ever
Gotesco Centers and Malls. Ever Center Las Pinas opened to the public in 1989. Following the public opening of Ever
Las Pinas in 1993, Ever Laguna Plaza was abandoned in 2003.
INCORPORATORS
Jose C. Go
Chairman & Chief Executive Officer
Joel T. Go
President & Director
Jonathan T. Go
Non-Executive Director
Lourdes Go-Ortiga
Non-Executive Director
Evelyn C. Go
Treasurer & Executive Director
Senen D. Baccay
Independent Director
Christian Grant Yu Tomas
Independent Director

PRODUCTS/SERVICES OFFERED
Building shopping centers and renting them to businesses is what EVER does. The Ever Department Store and
Supermarket, theaters, banks, amusement parks, food outlets, specialty shops, boutiques, drug stores, service
outlets, gyms, and sporting venues are the main tenants of the malls. The Ever Gotesco Ortigas Complex's owner,
Gotesco Tyan Ming Development, Inc., is wholly owned by the Company.
ll. HISTORY IPO
Non-Executive DirectorEver Gotesco Ortigas Complex (EGOC) was foreclosed and sold in public auction to Philippine
National Bank in July 1999. The Company failed to redeem the property within the one-year grace period but still is
in possession and continues to manage EGOC by virtue of the right of preliminary injunction.
lll. FINANCIAL INTERMEDIARIES

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cmpy_id=191#:~:text=Company%20Description-,Ever%2DGotesco%20Resources%20and%20Holdings%2C
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Wiki, E. B. &. (2022). Ever Malls - EverybodyWiki Bios & Wiki. EverybodyWiki Bios & Wiki.
https://en.everybodywiki.com/Ever_Gotesco_Malls
StatInvestor. (n.d.). Ever Gotesco Resources & Holdings Board of Directors, Key People and Executives |
StatInvestor. https://statinvestor.com/38837/ever-gotesco-resources-and-holdings-inc/owners/key-people/
Ashton, G. (2023, March 23). FxPro Review 2023. Investopedia. https://www.investopedia.com/fxpro-review-
4587901
https://www.exness.com/regulation/
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ForexBrokers.com
OctaFX Review: Key Findings for 2023. (2023, May 24). ForexBrokers.com.
https://www.forexbrokers.com/reviews/octa-fx
Wikipedia contributors. (2023a). First Prudential Markets. Wikipedia.
https://en.m.wikipedia.org/wiki/First_Prudential_Markets
Wikipedia contributors. (2023c). EToro. en.m.wikipedia.org. https://en.m.wikipedia.org/wiki/EToro