May 30, 2017 10:33 AM ET

Capital Markets

Company Overview of NextGenesis Corporation

Company Overview

NextGenesis Corporation does not have significant operations. Previously, it engaged in the banking and trust businesses. The company was formerly known as Asiatrust Development Bank, Inc. and changed its name to NextGenesis Corporation in December 2015. NextGenesis Corporation was founded in 1960 and is based in Quezon City, the Philippines.

Future Point Plaza III

Unit 7-E

Panay Avenue

Quezon City,  1100


Founded in 1960


63 2 546 8194

Key Executives for NextGenesis Corporation

Chief Executive Officer, President and Executive Director
Age: 65
Age: 88
Chief Operating Officer
Age: 67
Vice Chairman
Age: 59
Corporate Secretary
Age: 37
Compensation as of Fiscal Year 2016.

NextGenesis Corporation Key Developments

NextGenesis Corporation expected to report Q3 2017 results on May 30, 2017. This event was calculated by Capital IQ (Created on May 24, 2017).

NextGenesis Corporation expected to report Q3 2017 results on May 30, 2017. This event was calculated by Capital IQ (Created on May 24, 2017).

NextGenesis Corporation Reports Earnings Results for the Quarter Ended March 31, 2017

NextGenesis Corporation reported earnings results for the quarter ended March 31, 2017. For the period, the company reported loss before income tax was PHP 1,785,525 compared to PHP 3,801,349 a year ago. Net loss after tax was PHP 1,785,525 compared to PHP 3,801,349 a year ago. Basic loss per share was PHP 0.02 compared to PHP 0.04 a year ago. Book value per share was PHP 0.79 as on March 31, 2017 against PHP 0.81 as on March 31, 2016. Net cash from operating activities was PHP 716,626 compared to net cash used in operating activities was PHP 2,306,222 a year ago.

NextGenesis Corporation Approves the Amendment of Articles of Association

The Securities and Exchange Commission (SEC) approved the amendment of Article 7 - Reduction of Capital Stock to PHP 128,000,000 divided into 200,000,000 common shares with par value of 64/100 Pesos (PHP 0.64) per share. The SEC also approved the NextGenesis Corporation's request for approval for equity restructuring and decrease of capital stock. The amendment is to allow the Company to restructure its equity and wipe out the deficit as of June 30, 2016. The company returned to the SEC the original Certificate of Approval of the Amended Articles of Incorporation due to typographical error on the approval date as indicated on the Certificate. Certificate of Approval to the report is dated May 03, 2016. The company will submit the corrected Certificate as soon as this is available.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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