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                    [Title] => NSC sale to GIHL not final?
                    [Summary] => The sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) is still not final until all of the definitive agreements are signed, according to NSC creditor-bank sources.


Sources warned that GIHL "is taking a risk in rehabilitating the plant and operating it. If the creditors and GIHL do not come to terms, we will not reimburse them for what they have spent."


                    [DatePublished] => 2004-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 236942
                    [Title] => NSC creditors seal pact with Global Holdings
                    [Summary] => The creditor-banks of National  Steel Corp. (NSC) and India’s Global Infrastructure Holdings Ltd. (GIHL) signed yesterday a memorandum of agreement (MOA) for the rehabilitation of the mothballed steel plant in Iligan.


Securities and Exchange Commission-appointed NSC liquidator Danilo Concepcion was one of the main signatories to the MOA.


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                    [AuthorName] => Marianne V. Go
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ANGELA TINIO

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                    [ArticleID] => 241897
                    [Title] => NSC sale to GIHL not final?
                    [Summary] => The sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) is still not final until all of the definitive agreements are signed, according to NSC creditor-bank sources.


Sources warned that GIHL "is taking a risk in rehabilitating the plant and operating it. If the creditors and GIHL do not come to terms, we will not reimburse them for what they have spent."


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                    [ArticleID] => 236942
                    [Title] => NSC creditors seal pact with Global Holdings
                    [Summary] => The creditor-banks of National  Steel Corp. (NSC) and India’s Global Infrastructure Holdings Ltd. (GIHL) signed yesterday a memorandum of agreement (MOA) for the rehabilitation of the mothballed steel plant in Iligan.


Securities and Exchange Commission-appointed NSC liquidator Danilo Concepcion was one of the main signatories to the MOA.


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abtest

NSC sale to GIHL not final?

By Marianne V. Go | March 9, 2004 - 12:00am

The sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) is still not final until all of the definitive agreements are signed, according to NSC creditor-bank sources. Sources warned that...

Business

NSC creditors seal pact with Global Holdings

By Marianne V. Go | January 30, 2004 - 12:00am

The creditor-banks of National Steel Corp. (NSC) and India’s Global Infrastructure Holdings Ltd. (GIHL) signed yesterday a memorandum of agreement (MOA) for the rehabilitation of the mothballed steel plant...

Business