Global-Estate Resorts, Inc. Megaworld GlobalEstate, Inc. (A) Novo Sierra Holdings Corp. (A) Twin Lakes Corporation (A) Fil-Estate Golf and Dev’t., Inc. (A) Golforce, Inc. (A) Fil-Estate Urban Dev’t. Inc. (A) Nasugbu Properties, Inc. (B) Fil-Estate Realty and Sales Associates, Inc. Fil-Estate Sales, Inc. (B) (B) Southwoods Ecocentrum, Corporation (A) Philippine Aquatic Leisure Corp. (A) Aklan Holdings, Inc. (A) Legend A Subsidiary B Associate Oceanfront Properties, Inc. (A) Southwoods Mall, Inc. (A) Blue Sky Airways, Inc. (A) Pioneer L-5 Realty Corp. (A) Fil-Estate Properties, Inc. (A) Fil-Estate Subic Development Corp. (A) Prime Airways, Inc. (A) Fil-Power Construction Equipment Leasing Corp. (A) Sto. Domingo Place Development Corp. (A) Golden Sun Airways, Inc. (A) Fil-Power Concrete Blocks Corp. (A) La Compaña de Sta. Barbara, Inc. (A) Sherwood Hills Development, Inc. (A) MCX Corp. (A) Boracay Newcoast Hotel Group, Inc. Fil-Estate Realty Corp. (B)
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