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                    [ArticleID] => 164567
                    [Title] => Ongpin lambasts Coyiuto over claim of victory
                    [Summary] => The group of former Trade Secretary Roberto Ongpin lashed back yesterday at stockbroker Robert Coyiuto Jr.’s claim of victory in  the court battle involving Itogon-Suyoc Mines Inc., pointing out such claims are premature at this stage and could at worst result in a contempt of court.


In a counter-statement, Ongpin said they have been assured by their legal counsel that Coyiuto’s petition "is totally out of order." We will vigorously oppose it," he added.


                    [DatePublished] => 2002-06-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 159962
                    [Title] => Ongpin plan to file damage suit won’t prosper — Coyiuto
                    [Summary] => Stockbroker Robert Coyiuto Jr. said yesterday the multi-million peso damage suit being contemplated by the group of businessman Roberto Ongpin will not prosper since he (Coyiuto) is "merely exercising a legitimate right and a sworn duty to uphold the rules of PSE as a stockholder and director."


In a statement, Coyiuto said that in filing the derivative suit last April 25 against Itogon-Suyoc Mines Inc. (ISMI), he was merely defending the existing listing rules of the Philippine Stock Exchange on pre-emptive rights of minority stockholders.


                    [DatePublished] => 2002-05-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 158263
                    [Title] => Multitech to acquire Intercontinental Paper
                    [Summary] => Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million.


In a disclosure to the Philippine Stock Exchange (PSE), MIC said its board of directors has approved the subscription of 560 million of its common shares by the stockholders of IPII, which shall be paid in the form of common IPII shares hence resulting in MIC taking over majority control of the paper manufacturer.


                    [DatePublished] => 2002-04-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                (
                    [ArticleID] => 155435
                    [Title] => SEC rejects anew PSE appeal on ISMI-Philweb issue
                    [Summary] => The Securities and Exchange Commission (SEC) has rejected anew the request of the Philippine Stock Exchange (PSE) to reconsider an earlier ruling that exempted third-liner stock Itogon-Suyoc Mines Inc. from a rights offering.


                    [DatePublished] => 2002-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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ADDITIONAL LISTING

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                    [ArticleID] => 164567
                    [Title] => Ongpin lambasts Coyiuto over claim of victory
                    [Summary] => The group of former Trade Secretary Roberto Ongpin lashed back yesterday at stockbroker Robert Coyiuto Jr.’s claim of victory in  the court battle involving Itogon-Suyoc Mines Inc., pointing out such claims are premature at this stage and could at worst result in a contempt of court.


In a counter-statement, Ongpin said they have been assured by their legal counsel that Coyiuto’s petition "is totally out of order." We will vigorously oppose it," he added.


                    [DatePublished] => 2002-06-14 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 159962
                    [Title] => Ongpin plan to file damage suit won’t prosper — Coyiuto
                    [Summary] => Stockbroker Robert Coyiuto Jr. said yesterday the multi-million peso damage suit being contemplated by the group of businessman Roberto Ongpin will not prosper since he (Coyiuto) is "merely exercising a legitimate right and a sworn duty to uphold the rules of PSE as a stockholder and director."


In a statement, Coyiuto said that in filing the derivative suit last April 25 against Itogon-Suyoc Mines Inc. (ISMI), he was merely defending the existing listing rules of the Philippine Stock Exchange on pre-emptive rights of minority stockholders.


                    [DatePublished] => 2002-05-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 158263
                    [Title] => Multitech to acquire Intercontinental Paper
                    [Summary] => Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million.


In a disclosure to the Philippine Stock Exchange (PSE), MIC said its board of directors has approved the subscription of 560 million of its common shares by the stockholders of IPII, which shall be paid in the form of common IPII shares hence resulting in MIC taking over majority control of the paper manufacturer.


                    [DatePublished] => 2002-04-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 155435
                    [Title] => SEC rejects anew PSE appeal on ISMI-Philweb issue
                    [Summary] => The Securities and Exchange Commission (SEC) has rejected anew the request of the Philippine Stock Exchange (PSE) to reconsider an earlier ruling that exempted third-liner stock Itogon-Suyoc Mines Inc. from a rights offering.


                    [DatePublished] => 2002-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Ongpin lambasts Coyiuto over claim of victory

June 14, 2002 - 12:00am

The group of former Trade Secretary Roberto Ongpin lashed back yesterday at stockbroker Robert Coyiuto Jr.’s claim of victory in the court battle involving Itogon-Suyoc Mines Inc., pointing out such claims...

Business

Ongpin plan to file damage suit won’t prosper — Coyiuto

By Christina Mendez | May 7, 2002 - 12:00am

Stockbroker Robert Coyiuto Jr. said yesterday the multi-million peso damage suit being contemplated by the group of businessman Roberto Ongpin will not prosper since he (Coyiuto) is "merely exercising a legitimate...

Business

Multitech to acquire Intercontinental Paper

April 23, 2002 - 12:00am

Multitech Investments Corp. (MIC) will acquire majority ownership of Intercontinental Paper Industries Inc. (IPII) through a share-swap agreement valued at roughly P420 million. In a disclosure to the Philippine...

Business

SEC rejects anew PSE appeal on ISMI-Philweb issue

By Christina Mendez | March 28, 2002 - 12:00am

The Securities and Exchange Commission (SEC) has rejected anew the request of the Philippine Stock Exchange (PSE) to reconsider an earlier ruling that exempted third-liner stock Itogon-Suyoc Mines Inc. from a rights...

Business