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                (
                    [ArticleID] => 22302
                    [Title] => SEC okays PAL Holdings’ restructuring
                    [Summary] => 
            
                    [DatePublished] => 2007-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 15761
                    [Title] => PAL undertakes quasi-reorg
                    [Summary] => 
            
The Philippine Airlines (PAL) Board has decided to do a quasi-reorganization to help PAL wipe out its deficit and effect a 20 percent decrease in capital.
                    [DatePublished] => 2007-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 375913
                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


                    [DatePublished] => 2006-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 98802
                    [Title] => Baguio Gold takes steps to hasten PAL backdoor listing
                    [Summary] => Publicly listed Baguio Gold Holdings Corp. will be issuing about 23 billion worth of new shares to execute its share-swap agreement with majority stockholders of Philippine Airlines and complete the backdoor listing of the flag carrier.


Baguio Gold, the latest acquisition of beer and tobacco magnate Lucio Tan, informed the Philippine Stock Exchange that  it will be buying 100 percent of the outstanding capital stock of eight companies holding a combined 85.09 percent stake in PAL in exchange for additional shares in the listed firm.


                    [DatePublished] => 2000-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ASCOT HOLDINGS INC

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 22302
                    [Title] => SEC okays PAL Holdings’ restructuring
                    [Summary] => 
            
                    [DatePublished] => 2007-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 15761
                    [Title] => PAL undertakes quasi-reorg
                    [Summary] => 
            
The Philippine Airlines (PAL) Board has decided to do a quasi-reorganization to help PAL wipe out its deficit and effect a 20 percent decrease in capital.
                    [DatePublished] => 2007-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 375913
                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


                    [DatePublished] => 2006-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 98802
                    [Title] => Baguio Gold takes steps to hasten PAL backdoor listing
                    [Summary] => Publicly listed Baguio Gold Holdings Corp. will be issuing about 23 billion worth of new shares to execute its share-swap agreement with majority stockholders of Philippine Airlines and complete the backdoor listing of the flag carrier.


Baguio Gold, the latest acquisition of beer and tobacco magnate Lucio Tan, informed the Philippine Stock Exchange that  it will be buying 100 percent of the outstanding capital stock of eight companies holding a combined 85.09 percent stake in PAL in exchange for additional shares in the listed firm.


                    [DatePublished] => 2000-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest