G&W Clubshares, Inc. - Muntinlupa City, Philippines

G&W Clubshares, Inc. was incorporated in February 2001, with an authorized capitalization of P10 million. The company was approved by the Securities and Exchange Commission as a Licensed Broker/Dealer of Securities under SEC Certification No. A200017597 on February 22, 2001. Golf and country clubs gained tremendous popularity and growth in early 90's, resulting to a large number of international-standard golf courses built overnight, alongside country clubs, to complement high-end residential developments and resorts. Initial shares and memberships were sold by the developers directly to investors and would-be members. But as the industry matured, more and more shares were starting to trade