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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 266326 [Title] => PSE lifts trading suspension on Philrealty shares [Summary] => The Philippine Stock Exchange (PSE) has lifted the trading suspension on shares of cash-strapped Philippine Realty and Holdings Inc., the bourse said in a circular.
The PSE said it decided to list the suspension and allow trading on Philrealty starting Oct. 21 as the companys court-approved rehabilitation plan is not seen to affect in any way its capital structure since this does not provide for any conversion of the firms outstanding obligations into equity.
[DatePublished] => 2004-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 254290 [Title] => QC RTC okays amended rehab plan of Philrealty [Summary] => The Quezon City Regional Trial Court has approved the amended rehabilitation plan for cash-strapped Philippine Realty and Holdings Inc. as it found the companys business still viable.
In an order issued yesterday, the court said Philrealty deserves a chance at rehabilitation in accordance with the amended plan, which calls for the settlement of bank loans through a combination of dacion-en-pago (payment-in-kind scheme) and debt restructuring.
[DatePublished] => 2004-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 252020 [Title] => Philrealty seeks court approval for its amended rehabilitation program [Summary] => The rehabilitation receiver for Philippine Realty and Holdings Inc. has asked the Quezon City Regional Trial Court to approve the property developers amended recovery program, which calls for the settlement of P1.31 billion in secured debt through a dacion en pago (payment in kind) arrangement.
The amended rehab plan also calls for the restructuring of P890.6 million in secured debt over a period of 10 years, and the completion of the Skyline tower of Philrealtys Andrea North Project in Quezon City, estimated to cost P1.18 billion.
[DatePublished] => 2004-05-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ANDREA NORTH PROJECT
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 266326 [Title] => PSE lifts trading suspension on Philrealty shares [Summary] => The Philippine Stock Exchange (PSE) has lifted the trading suspension on shares of cash-strapped Philippine Realty and Holdings Inc., the bourse said in a circular.
The PSE said it decided to list the suspension and allow trading on Philrealty starting Oct. 21 as the companys court-approved rehabilitation plan is not seen to affect in any way its capital structure since this does not provide for any conversion of the firms outstanding obligations into equity.
[DatePublished] => 2004-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 254290 [Title] => QC RTC okays amended rehab plan of Philrealty [Summary] => The Quezon City Regional Trial Court has approved the amended rehabilitation plan for cash-strapped Philippine Realty and Holdings Inc. as it found the companys business still viable.
In an order issued yesterday, the court said Philrealty deserves a chance at rehabilitation in accordance with the amended plan, which calls for the settlement of bank loans through a combination of dacion-en-pago (payment-in-kind scheme) and debt restructuring.
[DatePublished] => 2004-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 252020 [Title] => Philrealty seeks court approval for its amended rehabilitation program [Summary] => The rehabilitation receiver for Philippine Realty and Holdings Inc. has asked the Quezon City Regional Trial Court to approve the property developers amended recovery program, which calls for the settlement of P1.31 billion in secured debt through a dacion en pago (payment in kind) arrangement.
The amended rehab plan also calls for the restructuring of P890.6 million in secured debt over a period of 10 years, and the completion of the Skyline tower of Philrealtys Andrea North Project in Quezon City, estimated to cost P1.18 billion.
[DatePublished] => 2004-05-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Zinnia B. Dela Peña | October 17, 2004 - 12:00am
By Zinnia B. Dela Peña | June 17, 2004 - 12:00am
By Zinnia B. Dela Peña | May 31, 2004 - 12:00am
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The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
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