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                    [ArticleID] => 188110
                    [Title] => SPAV formed to hold P20-B assets of NSC
                    [Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.


Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.


                    [DatePublished] => 2002-12-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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ALLENGOAL STEEL AND TRADING AND VOEST ALPINE

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                    [ArticleID] => 188110
                    [Title] => SPAV formed to hold P20-B assets of NSC
                    [Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.


Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.


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                    [AuthorName] => Zinnia B. Dela Peña
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SPAV formed to hold P20-B assets of NSC

By Zinnia B. Dela Peña | December 16, 2002 - 12:00am

In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective...

Business