Tuesday, May 23, 2017
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Crown Equities, Inc. (CEI or the Corporation) was incorporated on October 24, 1969 to engage in, among others, the exploration, development and mining of mineral claims, under the original corporate name of Leyte Base Metal Corporation, Inc.  In 1993, when a new set of shareholders assumed control, the corporate name was changed to Pacific Rim Oil and Resources Corporation.

On May 22, 1995, the stockholders and the Board of Directors approved the strategic shift in the Corporation’s primary business activity from oil exploration to investment holding.  The corporate name was further changed to Southeast Pacific Rim Resources and Development Corporation.  Finally, to deliberately focus on the Corporation’s investing activities, the corporate name was changed to Crown Equities, Inc. in 1996.

The Corporation eventually divested its remaining interests in oil exploration and focused its resources on other fields of investment. The Corporation started its healthcare business by opening its ambulatory care clinics in Makati City in 1997 and in Sta. Rosa, Laguna in 1998.  Also in 1998, the development of a property in Binan, Laguna into a middle-class residential subdivision commenced. In 1999, the Corporation acquired interest in a toll road project, which was eventually disposed of in 2005.  Also in 2005, the development of a property in Taguig City into a medium rise residential condominium was started. It is now popularly known as the Cypress Towers.