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                    [Title] => Global Equities shelves IT conversion plan
                    [Summary] => Global Equities Inc. (GEI) has put off a plan to convert itself into an information technology (IT) company following the scrapping of a share-swap deal with the STI group, a company official told the Philippine Stock Exchange.


GEI corporate information officer Arsenio Cabrera Jr. said company chairman Nora Bitong is prepared to recommend to the board of directors the scrapping of the quasi-reorganization.


"GEI instead will focus on its old economy assets and drop its earlier plans to convert GEI into an IT company," Cabrera said.


                    [DatePublished] => 2001-09-06 00:00:00
                    [ColumnID] => 133272
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ACOJE MINING

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                    [ArticleID] => 132756
                    [Title] => Global Equities shelves IT conversion plan
                    [Summary] => Global Equities Inc. (GEI) has put off a plan to convert itself into an information technology (IT) company following the scrapping of a share-swap deal with the STI group, a company official told the Philippine Stock Exchange.


GEI corporate information officer Arsenio Cabrera Jr. said company chairman Nora Bitong is prepared to recommend to the board of directors the scrapping of the quasi-reorganization.


"GEI instead will focus on its old economy assets and drop its earlier plans to convert GEI into an IT company," Cabrera said.


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abtest

Global Equities shelves IT conversion plan

September 6, 2001 - 12:00am

Global Equities Inc. (GEI) has put off a plan to convert itself into an information technology (IT) company following the scrapping of a share-swap deal with the STI group, a company official told the Philippine...

Business